I think this craziness is about to end. In 6 months to a year you can pick up bargains. There will be good deals to be had, 90-99% off sales. The best may be down 75-80%, maybe those are the ones to buy. I will have to think hard about that. Make a list of strong companies with a bright future.
Why is it about to end? There are 2 big costs to the economy that are going up in price. Interest rates are going up. And I hear that what's the big deal? 2 percent on the 10 year is still low historically. But if you borrowed money at 1 percent then you interest doubles, and most of these companies are not making money so they are increasing their debts and there costs will start to go exponential. Losses that were hidden or pushed out will be dumped into the earnings reports at once. 1 time write-offs will explode. This is what happens at the end.
The other big cost is oil. Heck, the price was NEGATIVE for barrels of oil a year ago or so (insane). Now it is 60. Again, not horrible but if you can't make money with oil at $20 a barrel, how do you make money when it is 3x that.
I just don't think the 3-4 trillion infrastructure bill will be in time to rescue us. Government just can't spend that money fast enough most likely.
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