“Today in the U.S. we are in the fourth superbubble of the last hundred years…..In a bubble, no one wants to hear the bear case. It is the worst kind of party-pooping. For bubbles, especially superbubbles where we are now, are often the most exhilarating financial experiences of a lifetime. I participated in a wonderful micro-cap fireworks display from 1968 to 1969, in which I made a small fortune (7 times the then full cost of a year at business school). My main stock, American Raceways, tripled while I was on vacation – $7 to $21 – then went to $100 by Christmas, only to lose it all even quicker by the following June, as almost all the fireworks exploded and crashed.” ~ Jeremy Grantham

U.S. Dollar Index

Fixed Income

U.S. Bond Aggregate (AGG), High Yield Bond ETF (JNK)

5-7yr. Treasury ETF (IEF), 20 yr. + Treasury ETF (TLT)