This Time Is Different…

Leo Tolstoy said, “All happy families are alike, but every unhappy family is unhappy in its own way.”

The same applies to bear markets.

Every correction, crash, or downturn has a unique catalyst and affects stocks differently.

In 2018, there was a weird little “sentimental correction” where stocks became volatile without much underlying risk. This was followed by a huge bull-run in 2019, once investors regained their confidence.

During the Pandemic, everything tanked — only to rebound sharply.

The current crash is different. It isn’t hinged upon a singular, speculative event. This time, the sell-off is based around long-term economic issues like inflation and rising interest rates. I think the downturn will last a while. Months, or possibly even years.

Actionable Advice And Predictions

• Right now, every sector and asset class is getting hammered. And if interest rates continue to climb, the sell-off will continues. The best short-term investments right now would be things you already need or use — non-perishable food, new shoes, a laptop, etc…
• Geoarbitrage and growing / raising your own food are also safe investments. Depending on where you go or what you grow, you could easily cut your expenses by 10–20%…