just posted. I sold a ton yesterday, got out on the open completely......clearly the "risk on" party like its 1999 investing mantra....so we are seeing herd mentality. Wall Street is betting joe biden will have no real rules, there will be a green deal for real, not just from vacuous bartender AOC, and who cares about sound money for now....Joe is getting this nice bump because he is completely supporting wall street, Wall Street believes I had a broker buddy call me yesterday and he was super bullish on everything in the market....he said covid will have vacinnes and there is enormous "pent up" demand. He was super bullish (I could not understand why), so this is a psychology thing, plain and simple, and they say 80% of the market is psychology.
how long will this run is the question; one thing for sure is this is not a bull market in equities. For the months BEFORE When Trump won, the market and commodities got murdered, the S and P down to 1600 incredibly, and then after he won a tremendous relief rally.....so that is what we are getting here imho skeptics and doubters and realists love gold and silver, and everybody is drinking coolaide, never mind the deficits.....
I just check the S and p PE and it is 38, almost the highest of all time, the alternative measurement, Shiller PE is 34...so we are in a 1999 scenario...bull markets do not start from the highest PEs almost in history; they start from PEs that are around 7... I see a lot of fund managers are saying gold will sit for a year, blah blah....a month ago on kitco they were saying gold must go up, so this is just newswriters and there are a hundred of them, and fund managers a thousand https://www.multpl.com/s-p-500-pe-ratio
News 
Market Data 
Discover 
