Every storm EVENTUALLY runs out of rain. The coronavirus started out as a non-event for U.S. equities, which, for nearly two months, kept climbing into all-time highs, despite reports from China.
Every two or three weeks, I see another article published on how Warren Buffett’s holding company, Berkshire Hathaway, is underperforming the S&P 500 and how his cash pile of over $128B is a giant waste – since it could be making his shareholders a fortune, had it been invested in this late-stage bubble surge.
Since I placed my first order on a paper security, all the way back at the turn of this century, when I was 16 years old, I’ve NEVER, ABSOLUTELY NEVER been so bearish on the U.S. dollar. In fact, I’m already calling my biggest, most IMPORTANT forecast for 2020 – a USD bear market.
This has been an incredible year to be an investor. We’re up, across all sectors. Since December’s -19.2% drop, September 2018’s bottom in gold, and December’s bottom in Bitcoin, it’s been an OCEAN OF GREEN!
I bet the haters didn’t see this coming!