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Response to Calculating (Original post)

Wed Sep 2, 2020, 07:05 PM

27. Most stocks are overvalued

When the Trump administration stops artificially propping it up I expect the DOW to drop around 50% and wipe out all that wealth (You just know the GOPers will short everything in the hopes of cleaning up while most of us are plunged into permanent financial distress).

I'm holding my fire. I'm sitting on a wad of cash and have my 401k moved into the lowest risk option available. When the market finally plunges off the cliff, I will be lying in wait ready to jump in. And if I'm wrong, I still have my wad of cash and am no worse for the wear.

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Calculating Sep 2020 OP
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