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Old 11-27-2020, 5:00pm   #1
Jeff '79
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Default So The Stock Market Is A Touch Frothy These Days

Is anyone bailing ?

As of today's close, I'm 90% cash - 10% risky funds in my 401k, which is up 25% ytd, as of this morning.
I suspect it'll be up ~26% at tonight's settlement.
I'll take it !
I sold all of my stocks except for JFrog, which I will sell on Monday for $72.00 hopefully.
Then I'll wait for a little correction.
The Fed and monetary policy is allowing for stretched valuations, ergo records for the S&P and NASDAQ today.
How long can it last ?
The brokerages have to book their profits for the year soon, the unemployment numbers are going up again, and that nuke scientist was whacked in Iran today, so I'm packing it in for a bit.
What are you thinking kids ?

https://www.yahoo.com/finance/video/...154200122.html

Laugh all you want about the news source, but Muhammed El-Erain is one smart cookie.
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