"Strategy for the Upcoming Market Crash"
After watching the video, my impression and only beef is that the title above seems hyperbolic imo. Clem does a nice job of laying out his reasons for liquidating his portfolio as well as his lament- I quote him; "Sell in May, go away and come back in September on St. Leger's Day"(sic).
While I share many of his thoughts and concerns about the current status of the market, I have to disagree with the notion of an imminent "crash". Everything he laid out for a ("bear") market re-balancing and or correction, however, is spot on imo. He talks about how the sell-off Monday and the subsequent snap-back the past couple of days has yet, as he points out, brought his portfolio close to the pre sell-off value. I experienced the same thing with my portfolio. That is the type of bear scenario I also see playing out given that there really is no other vehicle or safe haven to park and protect your money, i.e., bonds. For that reason I doubt the inevitability of a "crash" as the title seems to suggest. I posit that the lack of alternative investment options forces investors to remain in the market or go strictly into cash- which they are loath to do but will do gradually (drops and snap-backs) and not suddenly as in a "crash". Instead, it turns into a slow-motion train wreck.
I know- potato, potahto... But the term "market crash" seems a bit overblown and is what I have trouble accepting. Having said all that, passage of the Left's gazillion dollar bar tab for free drinks on the house for everyone changes everything- and there I see a total market collapse in the offing. As Clem said though, I hope I'm (we're) wrong ;-)
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