Saturday, November 4, 2023

time to get out of the Equity markets

Oct 23, 2023

I recently bought QQQ thinking I could sell it fast if called for. Looks like now is the time.  

The state of the world and the state of US are both looking shaky:
  • Major war unfolding in the Middle East
  • No end in sight for the Russian war in Ukraine. 
  • Almost all major nations are strung out with record debts and inflation. 
  • US Congress is dysfunctional due to no speaker. 
  • The two top picks for the upcoming presidential election are old, feeble and in many ways unfit to carry out the job
  • European, Asian and US markets are simultaneously tanking over the past 5 trading days. 

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