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The ‘stonk’ bubble poses significant global risks
- anm89 6y agoI went on coinmarketcap today and the sea of green for shit coins was intense. 20-40% daily gains everywhere you look. https://coinmarketcap.com/ https://coinmarketcap.com/ And then also today read that apparently stock trading volumes are through the roof: https://finance.yahoo.com/news/stock-trading-frenzy-sends-u-020950179.html https://finance.yahoo.com/news/stock-trading-frenzy-sends-u-... And then look at Shiller pe. It's the second highest it has ever been after the dotcom peak but it is catching up quick (although you could argue this is more about reduced earnings but I don't totally buy that) https://www.multpl.com/shiller-pe https://www.multpl.com/shiller-pe And then all of that on the tail of the WSB mania. Over the last week this market feels like it has entered a true mania phase.
- ffggvv 6y agoagree, but as dot com or japanese bubble show us, it could go on for another year or two while us bears cringe
- anm89 6y agoI certainly wouldn't say it's impossible and I'm not suggesting it's on the verge of collapsing but that true mania phase has a limited time span as opposed to the bull market. If it really happens it will super nova and that will be the end of it.
- scaramanga 6y agoA professional short seller writes an article in the financial times saying that "society can't be run by markets, because even markets can't be run by markets because markets are unstable and irrational" and "capitalism isn't fair." checks calendar yes, must be 2021 :)