Trump Bump? Dump

Steven Jon Kaplan profile picture
Steven Jon Kaplan
3.68K Followers
(11min)

Summary

  • Investors are shunning U.S. Treasuries and bank CDs paying 4.5% while putting money into QQQ paying 0.57% because, just as with any historic bubble peak, they're certain they can "easily" make several times the difference with capital gains.
  • Investors will look back at the current time and wonder why they weren't selling U.S. stocks much more aggressively, just as Warren Buffett and the top executives of many of the world's biggest companies have been doing during the past several months near all high points.
  • However long the current bear market lasts won't be known except in hindsight, but now is an even more critical time to go against the crowd.

Dices cubes to trader.

Sergey_P

On November 5, 2024, the U.S. held elections in which the Presidential winner was a Republican, while the Senate and House of Representatives ended up with majority Republican results. Before these elections, we already had by far the heaviest insider selling in the history

This article was written by

Steven Jon Kaplan profile picture
3.68K Followers
Steven Jon Kaplan began TrueContrarian.com in August 1996 as a value-investing newsletter which since March 2020 has included two weekly 75-minute Zoom meetings. Steve provides long-term tax and investment planning. He has been trading since 1981 and handles separately managed accounts for qualified clients with a 20% performance fee on net profits and zero management fees. Steve has been quoted frequently by U.S. News and World Report, MarketWatch.com, and Barron's. Steve appeared on Market Watch cable TV with Stacey Delo and was interviewed by Alisa Parenti on Bloomberg and Tucker Silva on WRKO. He enjoys running with the New York Road Runners, composing and performing on piano and voice, writing stories, and traveling to unique places. Please let Steve know what you think of his financial ideas or any other worthwhile topic.

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