Comment on What is the catalyst that actually causes (financial) bubbles to burst?
DrDickHandler@lemmy.world 1 day agoIt’s a foundation AND a bubble. These aren’t mutually exclusive. You must be living under a rock if you think their valuations are sustainable.
1984@lemmy.today 1 day ago
No, I just know how these things go.
Convince the people its a bubble, while big whales buy the stocks.
Nalivai@lemmy.world 1 day ago
You hadn’t been around for dotcom craze then.
SaveTheTuaHawk@lemmy.ca 1 day ago
Or the sub prime mortgage craze. Everyone pays their mortgage? Right? Right?
1984@lemmy.today 1 day ago
I actually was. This is nothing like it.
Nalivai@lemmy.world 1 day ago
A lot of people learn nothing from their experience, you’re not alone in that
DrDickHandler@lemmy.world 22 hours ago
Bubbles can take years to pop. November price action is irrelevant.
1984@lemmy.today 21 hours ago
I think news about bubbles being close to popping is making people scared to invest money.
What other purpose do those news and discussions serve, if not to scare people?
I think its a big mistake to sit outside the market at this point. We likely wont have another rally like this for a long time.