Highest for 14 years:
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That’s easy. His followers are “doing as he does”–namely, NOT paying their bills.
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It seems like we were hitting a record number of credit card defaults back in 2008 when we had that last major speed bump. Anyone remember? I wonder if that portends another correction…doc
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I don’t know about anyone else, but there enough stressors in the economic news, both current and possible near future events, to make me a bit cautious about the next couple of years. Between consumer stress, retail bankruptcies, and future tariff policies, I am becoming more defensive. I usually have three percent cash, went to ten in the last six months, and going to fifteen in the next six, probably sooner. To put that into perspective, between social security income and dividends we cover our entire spending with some left over for the year. We do not rely on any principal withdrawals to fund our current lifestyle.
Taking some off the table to reinvest when valuations make more sense to me makes sense. I may go as far as twenty percent throughout 2025.
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Another timely thread…for me (and it’s nothing to do with ASCVD 
)
Just over 14 years ago, the Lump of Foul Deformity formerly known as my son in law insinuated itself into my daughter’s life. At the time he played mightily on her sympathies in a wounded puppy sort of way (appropriate, right?) and seemingly plausibly explained away his gutter level status with tales of being conned/abused/not having opportunities etc. As we’ve subsequently found out (belated background check and daughter’s discovery during various loan applications) that, along with 2 foreclosures, a bankruptcy, he brung over $85k in credit card defaults.
Fast forward to 23 rd December (just gone) and the marriage was finally dissoved…after a year of horribly spiteful, vindictive action on his (and his lawyer’s) part and discovery of over $2mill theft and embezzlement from the hospital. So confident was he of a generous settlement that, between the beginning of November and the week before final orders, he ran up almost $100k in credit card charges (that didn’t go to pay his lawyer) Judge awarded him a minimal amount in comparison to his multimillion dollar demands…and a lecture on the fact that he was taking far more out of the marriage than he brought in. She might’ve meant the credit cards 
We had a very restful and satisfactory Christmas and New Year.
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Yes comes with any run up in prices for years on end.
But this market won’t snap back this time.
It will be more profitable but at discount levels. The law of small(er) numbers.
People have lost decades of compounding due to fear. Don’t listen to forecasters of doom and gloom. Timing the market has never worked for anyone. The market will be much higher 5 and 10 years from now.
We went through Dot com bust, Great financial crisis, lost decade and global pandemic. Remember calls of recession is imminent in last couple of years ? Here we are !
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