6 ms·
> Why do we expect Nasdaq to crater? Oh, you can blame that on all of us olds that have lived through 3-6 business cycles, yet still have functioning memories
by OldHand2018 8y ago
> Why do we expect Nasdaq to crater?
Oh, you can blame that on all of us olds that have lived through 3-6 business cycles, yet still have functioning memories and attention spans. The last time, we were presented with data proving that it would never crash. We heard stories about why things were different this time. The time before that, we got data and stories. The time before that, we got data and stories.
Lest you panic and feel sad, we can also tell you that without fail, things will be going well again a few years later, we will have incredible gains in the markets and workforce, and soon after that we will start hearing of record highs in the markets and records lows in the unemployment rate. Such is life in an advanced society.
- marcosdumay 8y agoI still can't think of any time it was announced that global markets would crash and they did actually crash. (I'm at the small limit of that range, with memories of 3 cycles.) Everything I see points to a crash, but I am not sure a crash is even possible when people expect it.