STOCK MARKET WATCH -- Friday, 22 September 2023

[Tansy_Gold]

2. I think we're due for a painful reckoning . . . .

. . . .that we're not prepared for.

I think -- and this is just my personal, uninformed opinion -- that "the economy" is almost too good right now. And I hesitate to say that, but it's been in the back of my mind for several months. We've been through this before with the various bubbles and busts, and maybe some of the deeper structural changes that have taken place since Biden took office will blunt some of the trauma. The divide between the billionaires and the rest of us has only gotten worse, and as the unions flex their muscles and more people unionize, the American oligarchs may retaliate. If there's a serious crash -- and I think most of us believe the markets are overvalued now and have been for a long time -- it will get ugly for a lot of people as The Few at the Top struggle to cling to what they think they're entitled to.

I've taken what few steps I can to protect myself, but I have no investments at risk, so I'm just looking at real life, a few assets, and what's coming down the pike for the rest of this year and next. After November 2024, we'll see what happens.