Added even more selling of the S & P 500 - Corona Crisis not over, housing market doesn't look good as well and possibly CLO crisis ahead?
Are you serious? We are in the middle of a corona crisis and the S & P 500 trades at only 10% down from its all time high? I think I might have been a little wrong with the timing of my first sellings in the S & P 500 regarding the recent bull run. However this recent bull run could very easily be a bull trap - we don't know! All we know is that the FED adds to the debt a lot. See: https://www.youtube.com/watch?v=TP44g_R_TkM We have a 31% increase of the S & P 500 after a 35% decline. For over 2 years I expected a CLO crisis because we were already in a debt crisis in 2018 from my point of view. Companies were highly leveraged already in 2018 and 2020 the situation is only worse. I always thought all it takes is a shock to the economy and the crisis will unfold similar to the CMO crisis back then in 2007 / 2008. However it seems to be the case that I am not the only person who recognized this problem. Read the following Harvard Review article and you will under