I am in the process of liquidating all of my CSI stock positions. I sold a bunch last week.
I am obviously out of tune with this market. Value stocks are being shunned for stocks trading at PE’s of 20 and up. PE’s of 50 and more are common. Either this is finally the “new economy baby” like they were touting back in 1999, or this is the biggest bubble I have seen in my 50 years of being in the market fueled by reckless government spending and total disregard for any risk in the market or economy. So I am folding up my tent and will stop posting any regular updates after next week. I ended up with an 85% win rate since 2015. I am 72 now and will just be mostly buying CD’s! Good luck to all of you in your investing.
thank you