No. of Recommendations: 1
Hi Guys,

There's also a sector argument - I think financial stocks are a larger
fraction of total market cap than is usual.

Well, there's still some unloved companies out there, even if most
stocks are pricey. I'm still expecting infrastructure build, as a
response to potential for economic slowdown. The state/provincial
governments may be the next borrower group to be used to deploy excess
credit/ money supply into the real economy, after consumer debt
(short term and via mortgages) has been maxed out.

Don't know. But, as well as reducing leverage in my finances (pretty
well completed, actually) I've been looking for businesses that it will
be safe to own a fraction of for long term even if stock prices are
terrible. Financial stocks do not meet either objective for me.
The ones I'm holding are BRK and FFH. Everything else is tangible,
making or doing something that has an existance in the physical world.

There are times to trust one's gut, I think.

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