What does this mean? It's simple: as Citi chief economist Tobias Levkovich writes when looking at market returns following previous euphoria extremes, there is now a "100% historical probability of down markets in the next 12 months at current levels."
I am in cash in my 401k and HSA, and largely in cash elsewhere. Waiting for the show to start to jump into Bear Mkt ETF's. Working this weekend to identify candidates. Any suggestions?
Still holding GBTC & MARA (...and BOIL). Now upside down on AGQ and GDXU, but believe these will come roaring back soon.
Markets generally stair step up, and use the elevator to go down ;)
AI
