Yes Contrary, but how many times must we provide reasons? I have given reasons before, my reasoning on LYC has not changed, therefore no need to continuously repeat my beliefs.
Yes, in USD there are bull runs have lasted a long time. Usually fall apart in the 9-10th year on average due to a catalyst. “This time is different” lol... Ray Dalio once said “those who forecast through a crystal ball, eat glass” so we’ll wait and see what happens.
The Cyclically Adjusted Price-to-Earnings (CAPE) by Robert Shiller points to an expensive market in the U.S., currently sits at 32.11 times earnings. Mostly driven by tech sector. Remember, thst during the dot com bubble CAPE hit 45x earnings so things can deeply irrational from here e.g. another ~1.5x or S&P500 3700-3900 before it blows up again. Jeremy Grantham has the view that S&P500 will fall by up to 2/3 if this level is reached.
Back to LYC, we’re in the money. Odds are in now back in our favour, you but when there’s blood on the streets. That’s how to get superior returns. Back yourself.
LYC Price at posting:
$2.16 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)