5 ms·
Not just boomers. Robinhood has made it so you can buy stock on your iphone in a couple minutes. Everyone has stock, and I think the market is crazy overvalued
by kart23 7y ago
Not just boomers. Robinhood has made it so you can buy stock on your iphone in a couple minutes. Everyone has stock, and I think the market is crazy overvalued right now. I think everything's a bubble right now.
People are in loads of debt, more regular americans invest in the stock market, driving prices higher, all we need is a spark to get the fire going. Could come in the form of china and Hong Kong, could be the collapse of Deutsche bank, or very high valued startups failing, or something completely unforseen. Theres a lot of uncertainty right now, and any big event could crash it all.
- WarDores 7y agoAgreed. The stock market is seen as a sure thing right now. It's a buying frenzy out there, even for companies that have zero fundamentals.
- lotsofpulp 7y agoIs it not a sure thing? Time and time again, the US government has been willing to sacrifice the value of the dollar to pump up the value of equities. Maybe the share price of certain companies decline, but the voters of the US have a vested interest in keeping equity prices high (401k, pension fund investments, etc). On top of that, the number of companies has been getting smaller and smaller, and the companies left are getting bigger and bigger. If anything, there is more systemic risk than before, and hence even more incentive for bailouts. As far as I can tell, the day the US stops bailing out equities, I imagine it will be in a weakened state where the USD no longer has reserve currency status, and there might be bigger problems to worry about than a recession. Until then, total stock market ETFs should do at least as well as inflation.
- sigstoat 7y ago> Everyone has stock everyone _should_ have stock; what reasonable investment plan doesn't have stock? you might as well hyperventilate about everyone having drawers full of socks.
- kart23 7y agoSorry, I meant more like day traders and volatile stocks. Especially younger people, who can now become day traders and even trade options with ease. Investment plans are different in the idea that the money is in there for an extended amount of time, and usually just stays invested.
- md2be 7y agoSorry; but you are spewing misinformation on the equity market. But thanks, because bull markets need a wall or worry to climb.
- ccffph 7y agoThere's nowhere better to put your money is the issue. That's why equities keep rising.