5 ms·

It's insane how heavy the retail investor scene is right now. Everyone and their grandma is an expert on tech stocks it seems.

• jonknee 7y ago
  It's nothing like the .com boom, CNBC was everywhere. Uber just happens to be really well known by everyone and is thus getting a lot of attention. Your hair dresser isn't likely talking about the Zoom IPO like they would have in 1999.
  • zepearl 7y ago
    1998-1999 was sooo crazy. Most stocks kept climbing, high profits dealing with options (calls/puts), almost every week me and my friends celebrated profits. I remember thinking "it cannot be this easy, but it looks like that it is". Then came the big surprise, hehe. Luckily I have always been defensive so I didn't lose a lot of money, but still... .
• anpago 7y ago
  When your shoeshine person gives you trading tips..
  • asaph 7y ago
    Who still gets their shoes shined?
    • MattSteelblade 7y ago
      In case you're not aware, it's in reference to a famous quote by Joe Kennedy, "You know it's time to sell when shoeshine boys give you stock tips. This bull market is over." As the story goes, less than a year before Black Tuesday, a shoeshine boy told him to "...buy Hindenburg."
      • asaph 7y ago
        FWIW I was aware of the the reference and it wasn't lost on me. I was simply reflecting on current state of the shoe shining profession.
    • mikestew 7y ago
      "JOE KENNEDY, a famous rich guy in his day, exited the stock market in timely fashion after a shoeshine boy gave him some stock tips. He figured that when the shoeshine boys have tips, the market is too popular for its own good." http://archive.fortune.com/magazines/fortune/fortune_archive/1996/04/15/211503/index.htm http://archive.fortune.com/magazines/fortune/fortune_archive...
  • the-dude 7y ago
    Fixed that for you : when your Uber driver gives you trading tips...
• basetop 7y ago
  Bull markets always draw retail. Smart money needs suckers to hold the bag.