After the sudden rise of GME, "regulations" are stepping in and forbidding trade. The "hot stock" values IMMEDIATELY DROPPED IN VALUE BY FIFTY PERCENT!
Intentional market crash is imminent.
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I don't trust the market at all, but it really doesn't have anything to do with these short squeezes. Those were going to drop back down to realistic values eventually and it was going to be hard and fast. The shitty part is the manipulation by the brokers seemingly to force that sooner rather than later.
The issue with my general distrust in the market is I think it's overpriced. Sure, it will drop off eventually too (in my opinion). The problem is when. It could be tomorrow or it could be two years from now. If I hold everything in cash and it's two years, I take losses to inflation while they print the money on up. I'm more out of the stock market at this point than nearly ever, and I'm still not sure that's the right move. In the meantime I'm sort of working on diversifying into commodity ETFs and trying new things. Because in the end I just can't convince myself that trying to play timing and sitting on cash is the right move either.
All I can say as an alternative to holding onto cash is covering long-term loans. I might just take $20k of what I just removed from investments and put it toward my home mortgage.
I have been doing a lot of that type stuff. I hate debt in general anyway. I've gotten to the point my stock market type investments are pretty much exclusively in my 401k and Roth IRA. I'm not screwing around with them that much although I do have a lot of some "inflation protected" bond right now in the 401k that I don't trust to be inflation protected at all.
I used to keep more stocks outside of those accounts, but except for little bets here and there I just like putting that other cash into something else with the mindset that I've got more than enough exposure into stock markets, ETFs, funds, you know all that funny paper in those two accounts. I'm screwing with real estate and a tiny side project of crypto and precious metals (like in the hundreds of dollars tiny at this point).