So here's what I'm wondering. If stocks, real estate, cybercurrency, metals, art and baseball cards are all overpriced, isn't it probable that cash is overvalued? The reason I'm not ready to buy into the concept whole cloth. The reason for that is we are not seeing wholesale price increases in staples. People have been sitting around with nothing to do so buying cards has been a fair enough diversion. Those who have not been hurt by COVID-19 haven't been spending money on some of the things like travel and, to a lesser degree, cars and clothes that we normally would. It's a mystifying time. I would think stocks would be the first to adjust, but what do I know.
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