Where are you reading all this ? We don't read the same news, clearly.Just a quick look at the news today and we've got stories about the rapid democratization of military drone technology, escalating hacking threats to (and successful attacks against) critical infrastructure, expanding AI powered influence campaigns and new global heat records.
Why do you think any of this is actionable ?My personal take is that the global concerns I listed above are all extremely real and aren't getting anywhere near the media attention they deserve. By extension I think in the short term the market simply isn't paying an acceptable risk premium to cover known unknowns. That said things could go either way - poorly understood risks could fail to have negative market impacts - or even have positive ones. Similarly unknown unknowns / black swan events could drive the market higher rather than having the opposite effect.
Other market participants have access to the same information that you do. They are not selling their equities en masse. What do you know that others don't?
It sounds like you are not comfortable with your current equity allocation. Consider reading your IPS, if you have one. If not, write one. There isn't a right answer for everyone. I was personally too conservative when I was younger. It is easy to say that in retrospect. I wish I had index funds for the last 3 decades.I am very much strapped in for the possibility of an unfamiliar amount of volatility though - possibly beyond the extremes of 2008 or 2020. And I wouldn't blame a rational person for wanting to reduce their exposure to this volatility by holding some money market funds at today's 5.3% rate.
Statistics: Posted by madbrain — Thu Apr 11, 2024 12:05 am — Replies 51 — Views 4272
