5 ms·
Ask HN: Does it feel like 1999?
In the late '90s, dot-com era, every day was a party on Wall Street. The market was up 4 days out of 5. In the first week of 1999, AMZN popped 49.4%, and the NASDAQ finished the year +77.1%.
I'm getting that same, strange sensation of 'giddy dread' that I had that year, like I'm having a fantastic time at a great party that I know is about to end with constables and handcuffs.
Anyone else?
- yohann305 9y agoi was too young to tell but it seems most people are expecting a market correction/crash. Usually when you're expecting, people hold their grounds which becomes a full-filling prophecy, ultimately triggering the correction/crisis. But it's not happening... What's going on!?
- antishatter 9y agoIn investing it's usually when the crowd starts believing the bull run that it's at its end.
- chmielewski 9y agoWikipedia - Irrational Exuberance https://en.m.wikipedia.org/wiki/Irrational_exuberance https://en.m.wikipedia.org/wiki/Irrational_exuberance