Yep. The risks are huge. The problem for the masses is that they don’t think there are risks if something is still going up. But they feel how risky it really was once it starts to drop like a rock.
What’s even worse is that since that last major sell-off, last February, they’re conditioned to think that all dips (even massive ones) are to be bought.
It will get ugly, just like it did in 2000 and 2008. They’re fully invested, many on margin…no cash, low yields, no defensive assets. They’re positioned for it to hurt them the most. It is sad.
I try to save everyone I can but I can’t save them all.