Views On Real Estate

Suppose that interest rates go to 6 percent which historically is not so high. Many, many places are going to get killed in real estate. There are plenty of places where real estate is still reasonable. Not in most of America and certainly not in Singapore. I would not suggest buying property in many Asian cities.

Investing: Looking For A Safe Haven

If I were looking for a single safe-haven in 2018, 2019 I would say the U.S. Dollar and if I'm right it is going to get overpriced and it can turn into a bubble if the turmoil really gets bad. If that happens I hope I'm smart enough to sell.

Markets: I'm Short Junk Bonds

I'm short junk bonds. The yield spread between junk bonds and AAA bonds now is very, very narrow (never been this narrow) and when interest rates go higher and they have already started going higher, junk bonds are going to get killed.

Related trading instruments: 

• SPDR Barclays Capital High Yield Bond ETF (JNK) 
• iShares iBoxx $ High Yid Corp Bond (ETF) (HYG) 

The Worst Bear Market Of My Lifetime

We are going to have the worst bear market of my lifetime and I'm older than you. I have seen same bear markets. It's going to be a mess.

Related trading instruments: 

• Russell 2000 Index ETF (IWM)
• SPDR S&P 500 ETF Trust (SPY)
• SPDR Dow Jones Industrial Average ETF (DIA)
• iShares MSCI Emerging Markets Index ETF (EEM)

Everybody Owns The Same Stocks

Everybody owns the same things, it is eve more narrowly focused now than in previous bull markets because it is now so easy to buy exchange traded funds (ETFs). If you own stocks that are in ETFs, I want to know what they are. These are the stocks that have not been going through the roof, that are still cheap. 

Related trading instruments: 

• iShares MSCI Japan ETF (EWJ) 
• iShares MSCI Emerging Markets Index ETF (EEM) 
• SPDR S&P 500 ETF Trust (SPY) 
• Russell 2000 Index ETF (IWM)

Market: Treasury Yields Will Keep Going Higher

In September of 1981 the long-term bond in America was at 15.50%. I'm not talking about junk bonds, I mean Treasury bonds. By the way, one other thing, in 1981 America was a creditor nation. Now we are the largest debtor nation in the history of the world and the debt is getting higher every day, every hour.

The Next Bear Market Will Be Awful

2008 was awfully bad but since then the debt has gone through the roof, goverment debt alone has doubled since 2008. So the next bear market is going to be the worst in our lifetime. 

Related trading instruments: 

1. Russell 2000 Index ETF (IWM)
2. Nasdaq 100 Futures
3. SPDR S&P 500 ETF Trust (SPY)
4. SPDR Dow Jones Industrial Average ETF (DIA)