Leverage At Extremes And Risk Mispriced. A Strong Sell
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Valuation Rewind339 FollowersFollow5ShareSavePlay(13min)CommentsSummaryMarkets are not priced for fragility but for continuity.Leverage sits near extremes, while savings rates offer little buffer.Fiscal support persists but at a rising cost and with diminishing impact.Valuations assume stability, while volatility pricing suggests complacency.The setup is asymmetric, where downside risks outweigh incremental upside. meronn/iStock via Getty Images Thesis It is impossible to time the market. This is the essence of some of the contrarian comments we have received on our recent bearish view of the market, especially in our article titled "BearThis article was written byValuation Rewind339 FollowersFollowI started my career in asset management one year before the GFC. Since then, I have accumulated knowledge and extensive experience in financial analysis and portfolio management of equity, government bond, corporate bond, and money market funds. Fascinated by psychology and the way we make investment decisions. Passionate about sharing my knowledge. Please note that due to my financial institution's compliance requirements, I mainly do not invest in any kind of single stocks but only ETFs.Analyst’s Disclosure: I/we have a beneficial short position in the shares of QQQ either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.