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Yep. GME, SPACs, creative accounting, prices disconnected from earnings. There are so many signs now that we’re living through a bubble, and it may get much wo
by grey-area 6y ago
Yep. GME, SPACs, creative accounting, prices disconnected from earnings.
There are so many signs now that we’re living through a bubble, and it may get much worse before it implodes.
- bhouston 6y agoThe issue is there is so much money to be made in a bubble if you can just get out right at the end -- that unfortunately encourages these things. It is hard to wait on the sidelines while everyone else gets rich -- no doubt there are fortunes to be made in the lead up to the end of the bubble.
- randomsearch 6y agoOr more succinctly: FOMO is what creates bubbles
- gonzo41 6y agoI'm not creative enough, and I don't think it'd be well received here, but really wish I could just pull of some WSB type YOLO meme comment about buying tesla shares. But, I see a bubble. Electric cars aren't magic, and I'm more expect Tesla to be outflanked by the East (Toyota) and then the Germans (VW Audi Group). Whilst they may be still doing hybrids, they've got years and years of Auto building experience. Also, Musk's persona is cult of personality that make's me wonder.