3 ms·
> 2008/2009 was only partly insane because of tech, Its easy to provide all kinds of justification in hindsight or "after the crash". If you were a "happy inve
by rms_returns 10y ago
> 2008/2009 was only partly insane because of tech,
Its easy to provide all kinds of justification in hindsight or "after the crash". If you were a "happy investor" sitting on top of January 2008 crash, I bet the last thing in your mind will be "someone is insane". Its only because the crash happened just after that and so now you have the liberty to say "INSANE TIME".
Its the same economic cycle happening right now. I don't know when the DOW/NASDAQ is going to crash and how many points, but I do know that almost no one can anticipate it right on top of the price chart, and say "Hey look, this move will now cause an economic recession". It always happens after the fact!