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I really think the market is due for a culling. All around me I see people invest in stocks, pennystocks and crypto. I've had to explain to people, who own a fe
by adflux 6y ago
I really think the market is due for a culling. All around me I see people invest in stocks, pennystocks and crypto. I've had to explain to people, who own a few thkusands in crypto, about what a wallet is and how it works. I see people who don't know the difference between debit and credit tell me why Tesla is such a great buy. People who don't know who Adam Smith is. Then there's a few hundred thousand people "investing" (gambling) through /r/wallstreetbets. In my country never have more houses been purchased by investors than ever before. In my personal circle I see people jump through the craziest hoops to get the maximum mortgage possible. Everyone is just leveraged to the tits and I feel like we're in crazy town now. Wonder what happens when the bond yields rise... Or maybe it's just me and I've spent a bit too much time on the internet.
- ghego1 6y agoIt's not just you, there's at least also me :-) I too wonder how is it possible what's going on with valuations, my bet is that the bubble will burst between 2021 and 2022.