I mainly trade crypto but after having seen some parity with Bitcoin and SPX, I figured I'd drop this and see what comes back up. Would love to hear feedback on it but my general sentiments are that this thing looks toppy as H E Double Hockeystick!! I recently saw that margin debt is at an all time high, stocks as a % of household financial assets is also at an all time high and the Buffet indicator of composite value to GDP was about 90% higher than the long term trend of "fair valuation" which would be closer to 120% vs. the current 230% as of a recent reading.
DYOR of course and don't take this as investment or financial advice but man, I'd be taking some off the table and putting it into something a bit more tangible.
Good luck!
“All models are wrong, but some are useful.”
~ George E.P. Box
DYOR of course and don't take this as investment or financial advice but man, I'd be taking some off the table and putting it into something a bit more tangible.
Good luck!
“All models are wrong, but some are useful.”
~ George E.P. Box