3 ms·
A lot of the dumb money coming in now can’t actually afford to lose the money they’re ‘investing’ and will sell at the first sign of weakness. There are alread
by empath75 9y ago
A lot of the dumb money coming in now can’t actually afford to lose the money they’re ‘investing’ and will sell at the first sign of weakness.
There are already problems withdrawing from exchanges, if a mass of people panic and want out, it could trigger a run on the exchanges, some of which are rumored to be running some kind of fractional reserve.
All it’s going to take is a few grannies losing their retirements for the congressional hearings to start, etc.
I think it can probably still double or triple from here, so I’m not gonna try and call the top, but chronologically, I don’t think it’s too far off—6-9 months is my guess.