Trulieve Cannabis Corp (TCNNF)

[GE_Jim]

Well, you’re concerns are valid. I’ll even throw in the Dow and Nas with that same issue. All 3 would be justified to come down. In the S&P case I would think 250 points right off the bat, should be expected under the very best view. Most models project a 500 to 900 point drop in the S&P to start.

It’s all guess work. What’s the government going to do, more inaction or some interaction?

What’s Powell going to do? He’s walking a tight rope now; he makes a mistake and we all lose. Inflation, sure, but at what rate? They have no way to control it. Interest rates, depending, would ruin the economy. Reducing the bond buys will also have an effect if done to fast or too much.

The S&P is very over valued based off of historic norms. The Shiller PE Ratio is a little over 38. Normal would be 16. If the S&P dropped 50 percent it still would be over valued by historic norms.

Price to book for the S&P has not been this high since early 2000, dot com bubble time. The Inflation Adjusted S&P 500 has never been this high, ever. And the S&P 500 Dividend Yield has never been lower, again ever.

For that matter Margin - Levered DEBT Obligations must have found that Space suit you have because they are in a Moon shot. Throw in M2 {how fast central bank prints out money and public banks lend out money to support their economy} and were in the twilight zone right now.

To round out, covid is still in play, the billions and billions we lose to the trade war every month {what a disaster} companies trying to find workers, supply issues, living wage issues and finally China’s economy failing along with many other failings, and yes you have a right to be concerned. EVERYBODY is concerned.

Do nothing and your cash {dollar value} drops in value and inflation will punish it even further.

So, it is a great time to plan out a thought process to protect yourself as you have mentioned. Everybody should have fall back game plan, other wise there will be a lot of boiled frog scenarios.

Nobody has a time frame on any of the above or exactly how it may/will impact. Only that the risks are a plenty. If were going to get out of this clean it will have to start with the government’s action.
IMO.