Anybody who purports to "knowing" what's ahead is either a reincarnation of Nostradamus or is smoking some powerful weed and isn't sharing it with anybody (bogarting).
Nothing in the current climate is quantifiable. Maybe some company dividends will still be delivered on their quarterly schedules, but stock prices - having been bid into the stratosphere over years of neglect and misappropriation - may wipe out any profits one may have from those same dividends. Maybe not. Stocks could go parabolic and too the moon or beyond.
Honestly, at this point, nobody knows. Everybody's guessing.
One thing that seems likely is the absolute chance at a major pullback or correction in stocks if only because the market dislikes uncertainty, and uncertainty is all that there is currently.
Diversifying into assets other than stocks and fixed income may be sensible, lest we are reminded again that the most prolific and successful investor of our age, Warren Buffett, is sitting on some $350 billion in cash. He's obviously waiting for chips to fall so he can pick them up on the cheap.
Real estate, precious metals, energy, transportation would provide a good mix, but there's no guarantee any of them may appreciate or even hold their value except maybe gold and silver, their gains simply a symptom of crumbling currency value.
The publication, Fast Company, posted the musical question this morning, "Crypto crash: Why are Bitcoin, XRP, DOGE, and TRUMP prices plunging today?"
Answering their own question with two possible reasons (poor form, chaps) the magazine's response was, "Concerns over tariffs and the recent breach of a crypto exchange may be fueling a decline not seen since President Trump's election victory in November."
Sure, tariffs, like that would affect bitcoin. A recent crypto breach may be closer to the correct answer.
How about this: They're all fake, worthless slush funds for criminals and government officials (same thing) hiding ill-gotten loot. Bitcoin, Trump-coin, Doge, etc. are simply vaporware. Anybody putting actual money into these fictions other than for a quick profit on speculation is an idiot. Plain and simple. None of these crypto-currencies (a rather loosely-used term) are worth anything. Nada. Nothing. And the market is beginning to reflect that reality. All of Bitcoin could vanish in a millisecond. Same with the other alt-coins, fraud-coins, stable-coins. Seriously, they have no value whatsoever.
Bitcoin plunged below $90,000 this morning. In case anybody thinks that's a big deal, stick around for the dive below $80,000 and deeper.
With the opening bell a half hour away, stock futures are up. Dow futures are +110; S&P futures +2; NASDAQ futures (oops) -9.
Monday ended badly, so today, best wishes.
At the Close, Monday, February 24, 2025:
Dow: 43,461.21, +33.19 (+0.08%)
NASDAQ: 19,286.93, -237.08 (-1.21%)
S&P 500: 5,983.25, -29.88 (-0.50%)
NYSE Composite: 19,859.20, -22.33 (-0.11%)
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