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> But this time its different! <- said before every large stock market crash in the modern era If you'd bought AMZN at the peak of the dotcom bubble and held i
by User23 6y ago
> But this time its different! <- said before every large stock market crash in the modern era
If you'd bought AMZN at the peak of the dotcom bubble and held it to this day you'd be a happy camper.
- imtringued 6y agoYou're ignoring that stocks crash because people have reasons to sell their stocks. If everyone "camped" then crashes wouldn't happen in the first place.
- karatinversion 6y agoThe number of stocks bought is always equal to the number of stocks bought - stocks crash because the price the marginal buyer is willing to pay goes down. Sometimes this is because there are too many sellers and the buyers can take their pick, but it need not be; it can also be because of a change in what buyers perceive the value of the stock to be.
- Arkhaine_kupo 6y agoBut it was not AMZN at the top it would be like the equivalent of buying YAHOO back then, and even with inflated stocks and 0 interest rates YAHOO aint doing too well. So your analogy doesnt quite work.