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No one really knows if there's a bubble before it bursts This is commonly quoted but not true. Everyone who had any clue saw the housing bubble collapse comin
by dstein 16y ago
No one really knows if there's a bubble before it bursts
This is commonly quoted but not true. Everyone who had any clue saw the housing bubble collapse coming a mile away. I was warning friends buying houses in 2006 that they were buying at the peak of a bubble. And everyone on Wall St knew exactly what was coming down the pipe.
- melissamiranda 16y agoYou have a point, but no one knew when it was coming (hence why I said you can only see bubbles in hindsight). I should rephrase and specify that no one can tell when a bubble will burst. And as long as a bubble keeps growing, you can still make money buying into it.