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Lonesome Doves
The only thing I know about the future is that the deterioration in my social skills means it's exceedingly likely to be a lonesome affair.
That'd be unfortunate except that my inveterate disdain for the species makes aloof detachment preferable to company. Any company.
Other than the inevitability of solitude (and remember, friends, we all die alone, even if there are a lot people around), the future's a mystery. So, if the question is where the S&P will be in a year, the answer is that I
Or, as Mr. Charles Prince put it so well in early 2008-ish, “You gotta dance till the music stops.” Good advice for retail investors, maybe not so much for money-center banks.
Bubble dynamics are indeed interesting. At this moment in time it would be difficult to call a bubble in the Russell 2000 with the entire valuation of 1980 (nineteen hundred and eighty to differentiate between the number and the year) stocks of a measly 1Tn. Less than the value of AAPL. The Dow and the S&P are at new all time highs. In the Nasdaq and the S&P the effects of large tech are visible and significant. And the S&P just increased its weighting of AAPL. If large tech is removed from the equation where does that leave American companies? If a bubble does form around AI then it will be apparent when more than NVDA is what the proverbial shoe shine boy and taxi cab driver talk about in New York City. Intel, Qualcomm, AMD and nVidia will be attracting non finance types who will put their second mortgages and their kids education funds on the line. The same I suspect will happen with Crypto. Two bubbles, two troubles it shall be spectacular. If it does form that is. What then of the small caps? Shall they be forever the unwanted child? Troubles come in the three.