Here's Proof We're In The Biggest Stock Market BUBBLE In History
Summary
Market Outlook: The podcast emphasizes that the current stock market is in the largest bubble in history, with the S&P 500 trading at 3.15 times sales, surpassing even the dot-com bubble valuations.
Investment Strategy: The speaker argues against the traditional buy-and-hold strategy for the S&P 500, citing historical data that shows long periods where the market did not increase purchasing power when adjusted for inflation.
Alternative Investments: The speaker highlights investments outside the stock market, such as gold miners, the Greek stock market, and uranium, which have shown significant returns compared to the S&P 500.
Risk Assessment: The podcast suggests that investing in the S&P 500 currently carries massive downside risk due to high valuations, while alternative investments offer better risk-reward profiles.
Historical Analysis: The discussion includes a critique of financial advisors who promote stock market investments based on cherry-picked data from post-1980, ignoring earlier periods where the market underperformed.
Inflation Concerns: The speaker points out that stocks are not always a hedge against inflation, referencing historical periods like the 1940s and 1970s when the stock market declined in real terms during inflationary times.
Investment Community: The podcast promotes Rebel Capitalist Pro, a private investment community that focuses on asymmetric bets with favorable odds, contrasting with the high-risk stock market investments.
Transcript
Hello fellow robo capitals. Hope you're well. So today I wanted to discuss the fact and it is undisputable. The stock market is in the largest bubble in history. Now this doesn't mean that the stock market isn't going to go higher. Maybe it will, maybe it won't. But you have to look at this in terms of probabilities. And then what I also want to do in this video is tell you some of the things I'm investing in right now outside of the stock market, the S&P 500, where I have had even better returns than the S&P because I see the mistake on social media a lot of people make. They say, "Well, if you're not in the stock market, then the only other alternative is you have to be in cash and you would have missed out on all these gains." Not so. Not. So, and I'm going to be revealing exactly what I've been investing or some of the things I've been investing in that have had way better returns, but the riskreward makes a lot more sense than the S&P 500. So, first and foremost, let's look at where we are right now and why we can say definitively this is the largest stock market bubble in US history right here. Let's go to this. And I want to give credit to Charlie Bello. I'm probably mispronouncing that. Sorry, Charlie. Fantastic chart. Great work. You guys can follow him at on Twitter. You can see his handle here, which is his name. So, right here, the S&P 500 is now trading at 3.15 times sales. Sales. So I know one of the arguments I hear all the time in the mainstream media that why this is nothing like the.com bubble that this is nothing like that is because during the.com bubble well they didn't have any earnings and now they have all this profit they have all these earnings. Okay, great. Well, let's just compare apples to apples. Because even if assuming that there were no earnings whatsoever back during the.com bubble, then based on this metric or no sales, no revenue, another way of saying that assuming that there was no sales and it was just pets.com and that's the only thing it was back during the late 1990s in that dot bubble, then you would expect to see the ratio of price to sales much higher back then because the sales sales component of that was so low, right? But what we see is that's not the case that right now even when you compare the.com buzz. Now you can see right here in uh let me let me zoom in for you guys. There we go. So you can see that when we were really going through that crash, I I wish this chart would go back to 99, but um the bottom line is it's the highest valuation in history and that would include the dot bust. So wherever we were, let's say we're at 2.5, maybe at three, we're not at the level we were we are we are currently right now. So, and and almost any metric you look at, the stock market is massively overvalued. Massively overvalued. Now, again, does this mean that the stock market is going to crash? No, absolutely not. But it's very similar to having a 19 in blackjack. You all play blackjack. Raise your hand if you play blackjack. In fact, in the chat right now, say yes if you have played blackjack or you understand how the game of blackjack works. Let me see in the chat how many of you know how blackjack works. Okay. Yes, there we go. And you guys that are watching this after the fact after the live stream, you can just think I'm sure every single person understands how blackjack works. Now the object of the game is to get 21 but not go over. Not go over or you bust and you lose. So is it possible to get blackjack if you're sitting on 19? Well then let's go back to this market watch. Is is it possible to get blackjack if you're sitting on a 19 or if you you're dealt a 19? The answer is yes. Absolutely. You can get a two. You can for sure. That is totally within the realm of possibility. You can get a two and get blackjack. But would any of you, let's go back to the chat, Josh. Would any of you actually hit on a two? Tell me in the chat. Yes. Yes or no. Would you hit on a two? Or excuse me, would you hit on a 19? So, we've got no. No, no, never, ne, no. So, you guys get my point here. And why wouldn't you hit on a 19? Josh, let's go back to the market watch article. Because the odds are against you. It doesn't make any sense even though it is an above zero possibility that you would get a better hand, that being 21. And it's the exact same thing looking at the stock market right now. Can you get 21? Sure, the stock market could go up from here, but what are the possibilities? What are the probabilities based on where it has been in the past? And the fact that usually with these PE ratios or price to sales or whatever it is, these things tend to mean revert. And let's look at Charlie's chart. Right now, we're at 3.15, higher than we ever have been in human history. and uh versus the historic median 1.6 1.6. So I know the rebuttal I'm going to get from a lot of people here is well George sure we the al the valuations they're a little lofty right now. I'll give you that there there's no denying it. The proofs in the pudding. These are facts. These are charts. This is data. But but I'm not going to time the market. I'm going to go ahead and just continue to buy the S&P 500, an index fund. I'm going to allocate 10% of my paycheck. And because at the end of the day, Dave Ramsey tells me that it's not about timing the market. It's only about time in the market. And I'm a long-term investor. That's right. So, I'm just going to buy and hold. I'm just going to buy and hold on a dollar cost average. And I know because I've been told by Dave Ramsey and every single other person on social media and in the mainstream media that if I just buy and hold in dollarcost average, then this is the sure path to financial freedom. And this is the way that I'm going to be able to retire. This is the way that I'm guaranteed to have a 10 12% annual return for infinity for the rest of time is if I just buy and hold because I've seen the charts, George. I've seen I've seen people do the math. Now, it it is true and a bit odd that every single time I have a financial planner pitch me on this nonsense. They only look at charts going back to 1980. H Why do you think that is, guys? Why do they only use charts going back to 1980? Maybe because they're cherry-picking data. Now, it is true, believe it or not, that the stock market did exist prior to 1980. That's not when the stock market was created. So, you contrary to the charts that Dave Ramsey would show you. So what you can do is you can actually go back before 1980 and determine whether or not this buy and hold nonsense whether this would hold up to scrutiny to the data actual facts as opposed to just opinions and cherrypicking data. So when you do that you see that let's go over we see the S&P 500 right here. This is adjusted for inflation, which is what you should adjust for because at the end of the day, if you're investing in the stock market, the only thing you care about is not your nominal return, but an increase in purchasing power. That's why you're investing. That's why you're taking risk to begin with. So, look at where we were 1930. Let's say we're at 461 on the S&P 500. Now if you would have bought and hold for the next call it oh I don't know 50 years 50 years would you have increased your purchasing power? Answer no. Look at where we were in 1980. We bottomed out here below 400 at 377. Again this is inflation adjusted. Now, a lot of the the rebuttal or the the um the uh push back on this is, "Well, you're not calculating dividends and blah blah blah." Okay, well, fine, but the S&P 500 really isn't paying you dividends right now, and they're not paying you dividends above and beyond the rate of inflation, the real rate of inflation. That's for sure. So I I don't know even if this doesn't include dividends in here, could we really include dividends here moving forward when the dividends are you have to find them with a microscope effectively you're not getting dividend. That's that's my point. So then when you look at this you see that from 1930 to 2020 we have nine decades. The stock market went up in four of those decades adjusted for inflation. One of the decades 1960s were about flat. It was up slightly. And in four of the decades you were down. You were down. Now a decade I I think most people would consider that long. I'm a long-term investor. I'm not a trader. I'm going to buy today. I'm going to hold for the next 10 years. And that's how I'm going to retire. Well, you have been sold a bill of goods. You have been sold oceanfront property in Arizona. And the reason financial planners are telling you this is because they don't care about your financial future. They only care about collecting fees. And if you're not investing in the stock market, in the US stock market, then they're not collecting fees. If you're buying gold, as an example, well, guess what? Your financial planner isn't collecting those fees, are they? You see how this works and you see the incentive structure and you see why this B uh this BS narrative is just said over and over and over and over and over and over again to the point where people don't even question it. And it's said at nauseium because of the incentive structure because the financial industry, the people on social media, the people in the mainstream media have a financial incentive to tell you that the stock market always goes up. It always goes up over time when it's blatantly obvious that's not true. In fact, if your financial planner tells you this, just ask them to see a chart before 1980. Just ask them to see a chart from 1930 to 1980 adjusted for inflation. Just ask them to see a chart of 2000 to 2010. Ask them to see a chart of the 1970s, which by the way was the last inflationary decade we've had. And oh by the way, the two inflationary decades we have had in the United States, the 1940s and the 1970s had one thing in common. Uh well, two things in common. One, inflation. Number two is the stock market went down when you adjust for the rate of inflation. So people like to think that, oh, oh man, we're going into an inflationary decade or an inflationary five years. I mean, the beginning of the 2000s 20s was definitely inflationary. So, we're going, this is going to be an inflationary decade. And stocks aren't an inflation hedge, are they? Tell that to the 1940s. Tell that to the 1970s. Look at the 1970s right here. You've got 1970, we're at 646. And then you fast forward 10 years and we're at 420, let's say. and then a little bit further and we're down into the 300s. That's almost a 50% haircut. They call it a 3540% haircut in real terms in the 1970s in an inflationary decade where where stocks were supposedly an inflation hedge. I mean, this is just this is total nonsense. So now let's go ahead and look at the PE ratios today. Now this is a different setup here. So this is price toearnings I believe the trailing 12 months. So this is a chart of the trailing 12 month S&P 500 PE ratio. So before we're looking at price to sales, now we're looking at price to earnings. Okay. So here we are not at an all-time high. So that's good. But look where we are. You're still you're still at what 28 29 and compare where we were the mean here. I what's the average? Let's just say 18 19. So, this tells you that if you're a buy and hold investor, long-term investor, because I'm doing the smart thing, that the odds of you having more purchasing power in 10 years from today if you're buying now is incredibly low. Now, is it zero? Absolutely not. the stock market could quadruple just like you could get a two if you hit on a 19, but no one in their right mind would do that. But yet, everyone thinks that it's the smart thing to do to go ahead and buy the S&P 500 right now with 10% of their paycheck. This is insanity. This is absolute insanity. So now what I want to do here is and by the way if you look at the four decades where the stock market actually went up in real terms. So that would be the 1950s that would be well first of all let's look 1950s. Where do the PE ratios start off? Oh that would be six. Six. We're at 29 today. All right. Now let's look at the 1980s. Where did that decade start off as far as PE ratios? Ah, that would be seven. Okay, as a reminder, we're at 28 29 today. Alrighty then. Now, let's go over to 1990s. Where do we start there? That would be 15. Okay, a long way from 28. And then let's go to the 20110s which is your other decade where stocks went up and we are at I can't call it 18. We're still under 20. So the punchline there is we have never had a decade where stocks actually went up adjusted for inflation that started with PE ratios over 20. So then the next question becomes okay well where were they in 2020 when we started this decade and right here ah that would be 27 almost exactly where they are today nosebleleed levels nosebleleed levels. So based on this information, and this is not my opinion, this is just this is facts. This is data. This is charts. You tell me if it's smart to buy the S&P 500 right now and just buy and hold or buy the dip or dollar cost average. I mean, it's laughable. It's laughable. But this is the nonsense that you're sold on social media, the mainstream media, and guys like Dave Ramsey. So now, going back to what I said at the beginning, people will will say, "Well, George, I I don't have a choice. I have to be invested in the stock market because I can't be in cash because we know that cash is going to lose purchasing power because of inflation. So, I don't have a choice." And this is how people rationalize it. As if your only two choices are just the S&P 500 or cash. That's it. I mean, that's laughable. Fortunately, we've got a couple other assets out there that you can invest in other than just the S&P 500 or cash. Let me show you what I'm talking about. First and foremost, I mean, this has been on hopefully everyone's radar, and that's gold and the gold miners. I mean, this is just year to date with the GDXJ up 110%. 110%. What is this? What is the S&P 500 up year to date? Let me go ahead and pull up a chart. Okay. Year to date, we are up oh 12%. So, let's do a little quiz. Josh, you want to play? Let's play. All right. Which would you rather have? a 12% return with massive downside risk or would you rather have a 110% return with less downside risk? I don't know that that's a tough one. I might have to phone a friend. Okay. Well, Josh is stumped. Josh is totally befuddled. Maybe you guys can help him out in the chat or help him out in the comments. For me personally, I would rather have the 110% return. Now, am I in cash? No. No. We've got tons of different options out there. Another one that's totally off the radar and one that we've been talking about a lot in Rebel Capitalist Pro along with the GDXJ, by the way, is something I did not have on my bingo card, but fortunately, uh Chris Macintosh, who is one of the pros in Rebel Capitals Pro, uh he's been talking about this a lot and he's been heavily invested and had huge returns in this the Greek stock market. That's right, the Greek stock market. So, let's look at the the index here where we start off 2025, right around I'm kind of eyeballing it here, guys. Call it 1,500 and now we are at 25,58 if this is real time data. Just assuming that it is. But that's an increase of let's just call it 500. So what are we there Josh? An increase of uh maybe or here we go. Jeez, George. I guess that would be a little bit easier if I just go right here. So for the year and this might go back 12 months. So I'll have to look at the S&P 500 to get an apples to apples. But for the year, actually I think this might be for Yeah, this actually might be the trailing or excuse me, year to date. Year to date. But even if it's not, let's do another look at the S&P 500 so we can make sure that we're comparing apples to apples. This is up 44%. 44%. Okay. Where the S&P 500 is up, uh, year-to- date, no, that's not it. Year-to date, we've got 12% and then over the last year, we've got 17%. And the Greek stock market, I can assure you, was not trading at a 29 PE or was not trading at 3.3 time sales. All right? So riskreward much better there. So here's another one that uh I've been talking about I've added to my portfolio uh more recently we've been talking about in Rebel Capitalist Pro as a a a really good asymmetric bet and that's uranium. Now, what I've done is I didn't buy I I had the Sprat uranium trust, but I I sold that and bought URA and we can see that URRA year to date is up 63%. So, again, looking at the S&P 500 up 12% with massive downside risk when you're buying in a huge huge bubble as opposed to buying something cheap that has a pretty good catalyst and your return is even better. your absolute return, but your downside risk is a fraction of what it is in the S&P 500 because this is not my opinion. There is no disputing on many metrics such as price to sales. This is the largest asset. This is the largest stock market bubble that we have seen in US history. So now, if you want more information on Rebel Capitals Pro, the things that we talk about there, these asymmetric bets where instead of hitting on a 19, what we're doing is the complete opposite of that. Instead of betting where the odds are against us, we're making bets like uranium, the Greek stock market by the GDXJ, where the odds are actually in our favor. If you want more info on that, Josh, just go ahead and do me a favor and put a link in the description or put a link in the chat or something like that. And this is the investment community, the private investment community I have with my good friends Lynn Alden, Chris Macintosh, Brent Johnson, Patrick Serzna, and Jason Hartman. All right, guys. Enjoy the rest of your afternoon. As always, make sure you are standing up for freedom, liberty, free market, capitalism, and we'll see you in the next video.
Here's Proof We're In The Biggest Stock Market BUBBLE In History
Summary
Transcript
Hello fellow robo capitals. Hope you're well. So today I wanted to discuss the fact and it is undisputable. The stock market is in the largest bubble in history. Now this doesn't mean that the stock market isn't going to go higher. Maybe it will, maybe it won't. But you have to look at this in terms of probabilities. And then what I also want to do in this video is tell you some of the things I'm investing in right now outside of the stock market, the S&P 500, where I have had even better returns than the S&P because I see the mistake on social media a lot of people make. They say, "Well, if you're not in the stock market, then the only other alternative is you have to be in cash and you would have missed out on all these gains." Not so. Not. So, and I'm going to be revealing exactly what I've been investing or some of the things I've been investing in that have had way better returns, but the riskreward makes a lot more sense than the S&P 500. So, first and foremost, let's look at where we are right now and why we can say definitively this is the largest stock market bubble in US history right here. Let's go to this. And I want to give credit to Charlie Bello. I'm probably mispronouncing that. Sorry, Charlie. Fantastic chart. Great work. You guys can follow him at on Twitter. You can see his handle here, which is his name. So, right here, the S&P 500 is now trading at 3.15 times sales. Sales. So I know one of the arguments I hear all the time in the mainstream media that why this is nothing like the.com bubble that this is nothing like that is because during the.com bubble well they didn't have any earnings and now they have all this profit they have all these earnings. Okay, great. Well, let's just compare apples to apples. Because even if assuming that there were no earnings whatsoever back during the.com bubble, then based on this metric or no sales, no revenue, another way of saying that assuming that there was no sales and it was just pets.com and that's the only thing it was back during the late 1990s in that dot bubble, then you would expect to see the ratio of price to sales much higher back then because the sales sales component of that was so low, right? But what we see is that's not the case that right now even when you compare the.com buzz. Now you can see right here in uh let me let me zoom in for you guys. There we go. So you can see that when we were really going through that crash, I I wish this chart would go back to 99, but um the bottom line is it's the highest valuation in history and that would include the dot bust. So wherever we were, let's say we're at 2.5, maybe at three, we're not at the level we were we are we are currently right now. So, and and almost any metric you look at, the stock market is massively overvalued. Massively overvalued. Now, again, does this mean that the stock market is going to crash? No, absolutely not. But it's very similar to having a 19 in blackjack. You all play blackjack. Raise your hand if you play blackjack. In fact, in the chat right now, say yes if you have played blackjack or you understand how the game of blackjack works. Let me see in the chat how many of you know how blackjack works. Okay. Yes, there we go. And you guys that are watching this after the fact after the live stream, you can just think I'm sure every single person understands how blackjack works. Now the object of the game is to get 21 but not go over. Not go over or you bust and you lose. So is it possible to get blackjack if you're sitting on 19? Well then let's go back to this market watch. Is is it possible to get blackjack if you're sitting on a 19 or if you you're dealt a 19? The answer is yes. Absolutely. You can get a two. You can for sure. That is totally within the realm of possibility. You can get a two and get blackjack. But would any of you, let's go back to the chat, Josh. Would any of you actually hit on a two? Tell me in the chat. Yes. Yes or no. Would you hit on a two? Or excuse me, would you hit on a 19? So, we've got no. No, no, never, ne, no. So, you guys get my point here. And why wouldn't you hit on a 19? Josh, let's go back to the market watch article. Because the odds are against you. It doesn't make any sense even though it is an above zero possibility that you would get a better hand, that being 21. And it's the exact same thing looking at the stock market right now. Can you get 21? Sure, the stock market could go up from here, but what are the possibilities? What are the probabilities based on where it has been in the past? And the fact that usually with these PE ratios or price to sales or whatever it is, these things tend to mean revert. And let's look at Charlie's chart. Right now, we're at 3.15, higher than we ever have been in human history. and uh versus the historic median 1.6 1.6. So I know the rebuttal I'm going to get from a lot of people here is well George sure we the al the valuations they're a little lofty right now. I'll give you that there there's no denying it. The proofs in the pudding. These are facts. These are charts. This is data. But but I'm not going to time the market. I'm going to go ahead and just continue to buy the S&P 500, an index fund. I'm going to allocate 10% of my paycheck. And because at the end of the day, Dave Ramsey tells me that it's not about timing the market. It's only about time in the market. And I'm a long-term investor. That's right. So, I'm just going to buy and hold. I'm just going to buy and hold on a dollar cost average. And I know because I've been told by Dave Ramsey and every single other person on social media and in the mainstream media that if I just buy and hold in dollarcost average, then this is the sure path to financial freedom. And this is the way that I'm going to be able to retire. This is the way that I'm guaranteed to have a 10 12% annual return for infinity for the rest of time is if I just buy and hold because I've seen the charts, George. I've seen I've seen people do the math. Now, it it is true and a bit odd that every single time I have a financial planner pitch me on this nonsense. They only look at charts going back to 1980. H Why do you think that is, guys? Why do they only use charts going back to 1980? Maybe because they're cherry-picking data. Now, it is true, believe it or not, that the stock market did exist prior to 1980. That's not when the stock market was created. So, you contrary to the charts that Dave Ramsey would show you. So what you can do is you can actually go back before 1980 and determine whether or not this buy and hold nonsense whether this would hold up to scrutiny to the data actual facts as opposed to just opinions and cherrypicking data. So when you do that you see that let's go over we see the S&P 500 right here. This is adjusted for inflation, which is what you should adjust for because at the end of the day, if you're investing in the stock market, the only thing you care about is not your nominal return, but an increase in purchasing power. That's why you're investing. That's why you're taking risk to begin with. So, look at where we were 1930. Let's say we're at 461 on the S&P 500. Now if you would have bought and hold for the next call it oh I don't know 50 years 50 years would you have increased your purchasing power? Answer no. Look at where we were in 1980. We bottomed out here below 400 at 377. Again this is inflation adjusted. Now, a lot of the the rebuttal or the the um the uh push back on this is, "Well, you're not calculating dividends and blah blah blah." Okay, well, fine, but the S&P 500 really isn't paying you dividends right now, and they're not paying you dividends above and beyond the rate of inflation, the real rate of inflation. That's for sure. So I I don't know even if this doesn't include dividends in here, could we really include dividends here moving forward when the dividends are you have to find them with a microscope effectively you're not getting dividend. That's that's my point. So then when you look at this you see that from 1930 to 2020 we have nine decades. The stock market went up in four of those decades adjusted for inflation. One of the decades 1960s were about flat. It was up slightly. And in four of the decades you were down. You were down. Now a decade I I think most people would consider that long. I'm a long-term investor. I'm not a trader. I'm going to buy today. I'm going to hold for the next 10 years. And that's how I'm going to retire. Well, you have been sold a bill of goods. You have been sold oceanfront property in Arizona. And the reason financial planners are telling you this is because they don't care about your financial future. They only care about collecting fees. And if you're not investing in the stock market, in the US stock market, then they're not collecting fees. If you're buying gold, as an example, well, guess what? Your financial planner isn't collecting those fees, are they? You see how this works and you see the incentive structure and you see why this B uh this BS narrative is just said over and over and over and over and over and over again to the point where people don't even question it. And it's said at nauseium because of the incentive structure because the financial industry, the people on social media, the people in the mainstream media have a financial incentive to tell you that the stock market always goes up. It always goes up over time when it's blatantly obvious that's not true. In fact, if your financial planner tells you this, just ask them to see a chart before 1980. Just ask them to see a chart from 1930 to 1980 adjusted for inflation. Just ask them to see a chart of 2000 to 2010. Ask them to see a chart of the 1970s, which by the way was the last inflationary decade we've had. And oh by the way, the two inflationary decades we have had in the United States, the 1940s and the 1970s had one thing in common. Uh well, two things in common. One, inflation. Number two is the stock market went down when you adjust for the rate of inflation. So people like to think that, oh, oh man, we're going into an inflationary decade or an inflationary five years. I mean, the beginning of the 2000s 20s was definitely inflationary. So, we're going, this is going to be an inflationary decade. And stocks aren't an inflation hedge, are they? Tell that to the 1940s. Tell that to the 1970s. Look at the 1970s right here. You've got 1970, we're at 646. And then you fast forward 10 years and we're at 420, let's say. and then a little bit further and we're down into the 300s. That's almost a 50% haircut. They call it a 3540% haircut in real terms in the 1970s in an inflationary decade where where stocks were supposedly an inflation hedge. I mean, this is just this is total nonsense. So now let's go ahead and look at the PE ratios today. Now this is a different setup here. So this is price toearnings I believe the trailing 12 months. So this is a chart of the trailing 12 month S&P 500 PE ratio. So before we're looking at price to sales, now we're looking at price to earnings. Okay. So here we are not at an all-time high. So that's good. But look where we are. You're still you're still at what 28 29 and compare where we were the mean here. I what's the average? Let's just say 18 19. So, this tells you that if you're a buy and hold investor, long-term investor, because I'm doing the smart thing, that the odds of you having more purchasing power in 10 years from today if you're buying now is incredibly low. Now, is it zero? Absolutely not. the stock market could quadruple just like you could get a two if you hit on a 19, but no one in their right mind would do that. But yet, everyone thinks that it's the smart thing to do to go ahead and buy the S&P 500 right now with 10% of their paycheck. This is insanity. This is absolute insanity. So now what I want to do here is and by the way if you look at the four decades where the stock market actually went up in real terms. So that would be the 1950s that would be well first of all let's look 1950s. Where do the PE ratios start off? Oh that would be six. Six. We're at 29 today. All right. Now let's look at the 1980s. Where did that decade start off as far as PE ratios? Ah, that would be seven. Okay, as a reminder, we're at 28 29 today. Alrighty then. Now, let's go over to 1990s. Where do we start there? That would be 15. Okay, a long way from 28. And then let's go to the 20110s which is your other decade where stocks went up and we are at I can't call it 18. We're still under 20. So the punchline there is we have never had a decade where stocks actually went up adjusted for inflation that started with PE ratios over 20. So then the next question becomes okay well where were they in 2020 when we started this decade and right here ah that would be 27 almost exactly where they are today nosebleleed levels nosebleleed levels. So based on this information, and this is not my opinion, this is just this is facts. This is data. This is charts. You tell me if it's smart to buy the S&P 500 right now and just buy and hold or buy the dip or dollar cost average. I mean, it's laughable. It's laughable. But this is the nonsense that you're sold on social media, the mainstream media, and guys like Dave Ramsey. So now, going back to what I said at the beginning, people will will say, "Well, George, I I don't have a choice. I have to be invested in the stock market because I can't be in cash because we know that cash is going to lose purchasing power because of inflation. So, I don't have a choice." And this is how people rationalize it. As if your only two choices are just the S&P 500 or cash. That's it. I mean, that's laughable. Fortunately, we've got a couple other assets out there that you can invest in other than just the S&P 500 or cash. Let me show you what I'm talking about. First and foremost, I mean, this has been on hopefully everyone's radar, and that's gold and the gold miners. I mean, this is just year to date with the GDXJ up 110%. 110%. What is this? What is the S&P 500 up year to date? Let me go ahead and pull up a chart. Okay. Year to date, we are up oh 12%. So, let's do a little quiz. Josh, you want to play? Let's play. All right. Which would you rather have? a 12% return with massive downside risk or would you rather have a 110% return with less downside risk? I don't know that that's a tough one. I might have to phone a friend. Okay. Well, Josh is stumped. Josh is totally befuddled. Maybe you guys can help him out in the chat or help him out in the comments. For me personally, I would rather have the 110% return. Now, am I in cash? No. No. We've got tons of different options out there. Another one that's totally off the radar and one that we've been talking about a lot in Rebel Capitalist Pro along with the GDXJ, by the way, is something I did not have on my bingo card, but fortunately, uh Chris Macintosh, who is one of the pros in Rebel Capitals Pro, uh he's been talking about this a lot and he's been heavily invested and had huge returns in this the Greek stock market. That's right, the Greek stock market. So, let's look at the the index here where we start off 2025, right around I'm kind of eyeballing it here, guys. Call it 1,500 and now we are at 25,58 if this is real time data. Just assuming that it is. But that's an increase of let's just call it 500. So what are we there Josh? An increase of uh maybe or here we go. Jeez, George. I guess that would be a little bit easier if I just go right here. So for the year and this might go back 12 months. So I'll have to look at the S&P 500 to get an apples to apples. But for the year, actually I think this might be for Yeah, this actually might be the trailing or excuse me, year to date. Year to date. But even if it's not, let's do another look at the S&P 500 so we can make sure that we're comparing apples to apples. This is up 44%. 44%. Okay. Where the S&P 500 is up, uh, year-to- date, no, that's not it. Year-to date, we've got 12% and then over the last year, we've got 17%. And the Greek stock market, I can assure you, was not trading at a 29 PE or was not trading at 3.3 time sales. All right? So riskreward much better there. So here's another one that uh I've been talking about I've added to my portfolio uh more recently we've been talking about in Rebel Capitalist Pro as a a a really good asymmetric bet and that's uranium. Now, what I've done is I didn't buy I I had the Sprat uranium trust, but I I sold that and bought URA and we can see that URRA year to date is up 63%. So, again, looking at the S&P 500 up 12% with massive downside risk when you're buying in a huge huge bubble as opposed to buying something cheap that has a pretty good catalyst and your return is even better. your absolute return, but your downside risk is a fraction of what it is in the S&P 500 because this is not my opinion. There is no disputing on many metrics such as price to sales. This is the largest asset. This is the largest stock market bubble that we have seen in US history. So now, if you want more information on Rebel Capitals Pro, the things that we talk about there, these asymmetric bets where instead of hitting on a 19, what we're doing is the complete opposite of that. Instead of betting where the odds are against us, we're making bets like uranium, the Greek stock market by the GDXJ, where the odds are actually in our favor. If you want more info on that, Josh, just go ahead and do me a favor and put a link in the description or put a link in the chat or something like that. And this is the investment community, the private investment community I have with my good friends Lynn Alden, Chris Macintosh, Brent Johnson, Patrick Serzna, and Jason Hartman. All right, guys. Enjoy the rest of your afternoon. As always, make sure you are standing up for freedom, liberty, free market, capitalism, and we'll see you in the next video.