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Kolesar

(31,182 posts)
6. That was quite well written
Thu Dec 8, 2016, 03:02 PM
Dec 2016

I am calling the market, I think we are at a top. The high market may be due to the exchange rate per Warpy: http://www.democraticunderground.com/111679300#post3.

I asked myself if I am ready to risk 31% of my portfolio when all the business shows are saying this rally is the "new president rally". For years I have been hearing that equities were overpriced and the strong market was an illusion based on gimmicks by the Federal Reserve (low rates and QE). Now the business shows are saying that the federal spending stimulus is nigh and the government will act. But I know that nothing improved and in fact prospects are worse. Now I feel like a retiree who is comfortable with only 25% of my assets in equities.

Yes, this is a bit of a rebalancing because equities grew a bit since last year when I retired and thought I had the right mix.

Latest Discussions»Issue Forums»Economy»The US under Obama has ou...»Reply #6