Reply to thread

Message: [QUOTE="HuskyHawk, post: 3824884, member: 1414"] I am caught between the obvious reality that this shouldn't be able to continue, and the risk of missing out on continued gains. I am tempted to take profits now, but I'm already sitting on a lot of cash and honestly have no place to put any additional cash. My money market yield is .26%. Yet most stocks are clearly overvalued. I feel like that has been what fuels this and continues to fuel this. The Fed needs to raise rates, as things as wildly overstimulated right now, and the normal avenues of investment in new businesses are all shut down by Covid restrictions. Cash positions are massive right now. As I said the other day, we are sitting in a 454 Chevelle SS, foot to the floor, and the brake pedal to the floor. It's a giant smokeshow that accomplishes nothing but burning federal money. I find myself tempted to cash out and buy a second house or something. [/QUOTE]