5 ms·

Or real estate circa 2006. When your cab driver starts offering unsolicited stock tips, that's the time to get out.

by atlgator 6y ago

robjan 6y ago
Isn't it the same when people on Hacker News start telling you to exit the market.
- swinnipeg 6y ago
  HN is very bearish in general. Aka permabears. If you sold on sentiment here you would always be selling, or just not buying.
  - abstractbarista 6y ago
    Yep, it's overall quite pessimistic from my perspective. Despite them, I've been buying diversified indexes all throughout this year. The gains have been absolutely beautiful. :)
    - atlgator 6y ago
      Because we know too much.
      - taurath 6y ago
        Because we still somehow believe the market is rational, when nobody truly understands whats going on in the financial economy.
- anoraca 6y ago
  What, you think you the two accounts with only a few months of posting history might be trying to spread FUD?
- starpilot 6y ago
  Yeah, at this most recent COVID bottom, HN was saying that buying was like catching a falling knife, that the average recession dropped n% more, that it was going to get worse. I am very glad I ignored HN commentary.
- webninja 6y ago
  Hacker News said the same bearish things about bitcoin (ETH partially excluded) when Bitcoin was cheap, exorbitantly expensive, and all in between. Hacker News, RealVision and any -news are permabears. Fund managers and financial advisors are permabulls —- or as they say: eternal optimists. Who do you want to be like? Choose wisely my friend but you’ll find that few people with publicly voiced opinions remain in the middle. If you have a source that you think is a reliable source, please let me know!!!
kindatrue 6y ago
Ah, the era of NINJA loans. My haircut guy went from renting to "owning" 2 homes. Those were amazing times.
- jansan 6y ago
  I love the term NINJA loans. Did it exist in the real world before The Big Short? The Big Short scene: https://youtu.be/H-XINT-hL5I?t=60 https://youtu.be/H-XINT-hL5I?t=60
marvin 6y ago
Where are you getting out to? A 40% inflated money supply of US dollars?
- devalgo 6y ago
  Bitcoin?
- suzzer99 6y ago
  Euros?
- bennyg 6y ago
  Property
  - marvin 6y ago
    Property also seems pretty inflated from where I sit. Direct return on investment a paltry half percentage point or so above the interest rate. Maybe if you want to bet on the interest getting negative and staying there forever, but then you're back at the same assumptions as if you invest in the stock market.

Or real estate circa 2006. When your cab driver starts offering unsolicited stock tips, that's the time to get out.

robjan 6y ago

Isn't it the same when people on Hacker News start telling you to exit the market.

swinnipeg 6y ago
HN is very bearish in general. Aka permabears. If you sold on sentiment here you would always be selling, or just not buying.
- abstractbarista 6y ago
  Yep, it's overall quite pessimistic from my perspective. Despite them, I've been buying diversified indexes all throughout this year. The gains have been absolutely beautiful. :)
  - atlgator 6y ago
    Because we know too much.
    - taurath 6y ago
      Because we still somehow believe the market is rational, when nobody truly understands whats going on in the financial economy.
anoraca 6y ago
What, you think you the two accounts with only a few months of posting history might be trying to spread FUD?
starpilot 6y ago
Yeah, at this most recent COVID bottom, HN was saying that buying was like catching a falling knife, that the average recession dropped n% more, that it was going to get worse. I am very glad I ignored HN commentary.
webninja 6y ago
Hacker News said the same bearish things about bitcoin (ETH partially excluded) when Bitcoin was cheap, exorbitantly expensive, and all in between. Hacker News, RealVision and any -news are permabears. Fund managers and financial advisors are permabulls —- or as they say: eternal optimists. Who do you want to be like? Choose wisely my friend but you’ll find that few people with publicly voiced opinions remain in the middle. If you have a source that you think is a reliable source, please let me know!!!

kindatrue 6y ago

Ah, the era of NINJA loans. My haircut guy went from renting to "owning" 2 homes. Those were amazing times.

jansan 6y ago
I love the term NINJA loans. Did it exist in the real world before The Big Short? The Big Short scene: https://youtu.be/H-XINT-hL5I?t=60 https://youtu.be/H-XINT-hL5I?t=60

marvin 6y ago

Where are you getting out to? A 40% inflated money supply of US dollars?

devalgo 6y ago
Bitcoin?
suzzer99 6y ago
Euros?
bennyg 6y ago
Property
- marvin 6y ago
  Property also seems pretty inflated from where I sit. Direct return on investment a paltry half percentage point or so above the interest rate. Maybe if you want to bet on the interest getting negative and staying there forever, but then you're back at the same assumptions as if you invest in the stock market.