I just watched a Scottish journalist interview Jeremy Grantham ... he's much more candid outside the US. Took Greenspan to task, epic and lovely, but also showed how these big events - Covid, war, AI, dotcom era - can distort markets.

I don't know where the top is. My modest shorts are underwater. Mostly hedged, out of stock funds.

So I sell my house and investments. Maybe not the best time to hold a lot of dollars, given that the dollar itself might become worthless. Remember, the vast majority of dollars are held overseas. Once the dollar is no longer the currency of exchange, all those dollars come home, and they will be worthless. ‘A million reichmarks to buy a loaf of bread.’

I’d just get out stocks. Precious metals?

I’ve been 85% in vested in non-dollar bond and stock mutual funds for years now.

Eventually they might be right.

The answer to the AI bubble has arrived -- the Space bubble!

If we look at 2008 or March 2020 as a model, the market will get bailed out or backstopped. Cash holders and mortgages will get squeezed. They are printing money like there is no tomorrow. Being in the market is the only way to avoid erosion and the impact of prolonged inflation.

Not advice but, cough, adventurous people are throwing money at space stocks (MNTS, RDW, LUNR, RKLB) to ride them up before the SpaceX IPO. Selling right before the IPO seems a safe bet. Holding beyond it less so.

https://seekingalpha.com/news/4596715-space-stocks-extend-gains-on-optimism-around-spacex-public-debut

If the market is this high with oil choked it should be even higher when the Strait opens.

At least you can keep up with the inflation

This is insanity.