Nightmare On Wall Street: It’s Too Early To Buy Stocks (Or Anything Else)

Nightmare On Wall Street: It’s Too Early To Buy Stocks (Or Anything Else)

This danger sign is appropriate for today's stock market



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The dip is now a correction, but the stock market is still hazardous. The road to 2021 growth has reached a fundamental chasm. There simply are too many uncertainties that are growing in number and seriousness.

"But those cheap prices...." Prices are irrelevant now because fundamentals are unknowable and risks are huge. Worse, the spread of risk includes virtually all investments, including bonds and real estate.

The stock market is ensnared by a uniquely dangerous pandemic-recession.

Uncertainties overwhelm fundamentals, so hold cash reserves



Do not try to guess where there might be value. And don't get sucked into the price drop vortex of the "sure" winners. Everything now is fragile, including the house-of-cards