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Why? A lot of the value of a stock is ability to resell at a high price later. If everyone (including U.S. Fed and gov) agrees to continue to push prices high f
by bo1024 6y ago
Why? A lot of the value of a stock is ability to resell at a high price later. If everyone (including U.S. Fed and gov) agrees to continue to push prices high for the forseeable future, then it seems like prices can lose connection to e.g. ownership in a company.
- empath75 6y agoThat’s the definition of a bubble.
- enraged_camel 6y agoYeah, it made me laugh that the OP stated it in such a matter-of-fact fashion, as if it’s normal or good.
- bo1024 6y agoIf you're talking about me, I don't think it's normal or good! But I do think it's a matter of fact.
- bo1024 6y agoI agree, or pretty close. But it's not axiomatic that bubbles always pop (at least on the time span one expects).
- chii 6y ago> But it's not axiomatic that bubbles always pop You can only call it a bubble once it pops. So therefore, it is axiomatic. This stock "bubble" might not pop, and hence, it might not be a bubble.
- bo1024 6y agoYour definition of bubble and the one I was replying to are fundamentally incompatible - I don’t really care which term one uses though