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This article is really light on details. What is in The Greatest Speculative Bubble of all time? Everything? Crypto? Stocks? Just Telsa stocks? All tech s

This article is really light on details. What is in The Greatest Speculative Bubble of all time? Everything? Crypto? Stocks? Just Telsa stocks? All tech stocks? Then there's the other half of the equation, which is, "what can I do about it?" The answer to that question is what's actually important. Anyone can make accurate predictions, but it the decisions you make with those predictions that count. If everything is in a bubble, then what does it matter? If crypto is in a bubble and you don't own crypto, then what does it matter? Same with Tesla. The dude is probably right, but over what time frame remains to be seen. Frankly, I'm more worried in general over normal economic issues than I am about any speculative asset bubbles: The USA is "returning to normal" while a pandemic is still raging. There's a massive supply shortage across all sectors of the economy that politicians are blaming on a boogyman (unemployment insurance) instead of actually investigating or addressing the problem. The country still hasn't addressed the riot that happened in its capitol where a mob attempted to murder politicians (and successfully injured/murdered officers protecting them). There's a drought and record heat wave hammering half of the country, putting them at risk of more deadly wildfires. Plus dozens of other things I've either forgotten about, or are not widely reported enough for me to be aware of. So yeah, the likelihood of Bad Shit happening in the next year is pretty high. But I'm not worried about Tesla and crypto at all.

fairity 5y ago
> If everything is in a bubble, then what does it matter? If crypto is in a bubble and you don't own crypto, then what does it matter? Same with Tesla. It matters because you can: 1) divest from said assets classes or 2) short said asset classes. It also matters because there are downstream consequences of a broad market crash, from which you can protect yourself (if you choose to believe this prediction). > Frankly, I'm more worried in general over normal economic issues than I am about any speculative asset bubbles There's nothing stopping you from worrying about inflated asset prices along with your long list of other unrelated concerns. I agree that the article is light on details, but I fail to understand the rest of your point if there is one.
- edmundsauto 5y ago
  You can divest, and do what with the money? Real estate is the best I’ve come up with, but even real estate prices are bananas.
- a0-prw 5y ago
  > 1) divest from said assets classes or 2) short said asset classes. If you really think it's a bubble you should do the first and put your money into something you think is safe. The second depends on timing and "knowing" how big the bubble will get (How much damage can you take before things start going your way?). I don't think anyone can know that, so shorting is speculation/gambling.
ipspam 5y ago
Your skepticism is well founded given the lack of details. I on the other hand, instantly had the opposite reaction when I first read the claim earlier today. It stirred up memories of recent speculative manias like sports cards, D&D cards, Pogs, etc selling for ridiculous sums of money. 11 month wait times for grading of cards. Yeezyzs and sneakers are now bonafide asset classes to many people? Housing prices in my country were supposed to be stable or maybe even set for a correction and they are up 20-30-40% in different places. Used Cars are not really in the speculative, but the prices behind them have led to Runs on certain new cars. I recently had an acquaintance of mine purchase a brand new Rav4 hybrid at an "insiders" price from a friend at a dealership, with the sole purpose of flipping it for a couple thousand dollars profit when he finally took possession. These are just anecdotes, but it certainly seems like everyone is vying to participate in the get rich quick economy.
- real-dino 5y ago
  I've gone all in on GME. It's old news, but there is something there. When I try to explain it, I end up looking like the crazy conspiracy meme guy.
  - atatatat 5y ago
    Try me.
    - real-dino 5y ago
      The idea is that the shorts never actually covered. They shorted it greater than 140% back in January, as that was the maximum that can be reported. Even before January it was slowly rising from 4 dollars, so the hedgefunds kept doubling down on their bankruptcy jackpot. If they short the company to zero, the shares are worthless and they don't have to cover their short positions. This has always worked, they have power and abuse it to put companies like Toys R Us out of operation with no way to effectively raise capital. They did not anticipate that a company could turn around, which is essentially what has happened. Ryan Cohen the new CEO has effectively taken GameStop's domain name and is building a whole new business around it, with all the debts gone, the whole board replaced, and completely new management. Not to mention they have raised billions with ATM offerings and are now completely debt free. Even without a short squeeze, Gamestop is set to compete with Amazon for gaming, and has poached ex-Amazon talent in it's management. Fundamentaly it's a solid company, and that is even without the MOASS. Hedgefunds are trapped now, and are now triggering FTDs (Failure to Delivers), and need to reset the timers using various means including deep ITM options, ETFs, and shorting whatever shares they can get their hands on. For example XRT has been 240% shorted since Feb. They'll buy up a whole ETF just to get their hands on the GME shares inside. They will dig a deeper and deeper hole until they are margin called and forced to cover. Conservative estimates have retail holding 110 million shares, but due to the lack of transparency in the market, this cannot be proven. In addition all the new SEC filings that have been coming out have been specifically worded to agree with this. 005 for example is an ass-covering exercise about options manipulation, and 002 increases the frequency which short positions must be reported. Most of these are to prevent this kind of scenario happening ever again. Finally the media coverage has been constant dismissal of Gamestop and the promotion of other meme stocks such as AMC. Gamestop is no longer a memestock at this point and is a solid play MSM (the news network) do not want to advertise. Only recently has the media been talking about 'naked shorts' (2 weeks ago by accident), and 'dark markets' (2 days ago), where these subjects were discussed on Reddit 6 months ago! You won't find this on WallStreetBets, there is a dedicated subreddit SuperStonk, which is a bias confirmation echo chamber still, but incorrect info does get corrected and people called out.
Darrowolykos 5y ago
What officer was murdered?
errantmind 5y ago
It is light on details because the article is based on a recent tweet

fairity 5y ago

> If everything is in a bubble, then what does it matter? If crypto is in a bubble and you don't own crypto, then what does it matter? Same with Tesla. It matters because you can: 1) divest from said assets classes or 2) short said asset classes. It also matters because there are downstream consequences of a broad market crash, from which you can protect yourself (if you choose to believe this prediction). > Frankly, I'm more worried in general over normal economic issues than I am about any speculative asset bubbles There's nothing stopping you from worrying about inflated asset prices along with your long list of other unrelated concerns. I agree that the article is light on details, but I fail to understand the rest of your point if there is one.

edmundsauto 5y ago
You can divest, and do what with the money? Real estate is the best I’ve come up with, but even real estate prices are bananas.
a0-prw 5y ago
> 1) divest from said assets classes or 2) short said asset classes. If you really think it's a bubble you should do the first and put your money into something you think is safe. The second depends on timing and "knowing" how big the bubble will get (How much damage can you take before things start going your way?). I don't think anyone can know that, so shorting is speculation/gambling.

ipspam 5y ago

Your skepticism is well founded given the lack of details. I on the other hand, instantly had the opposite reaction when I first read the claim earlier today. It stirred up memories of recent speculative manias like sports cards, D&D cards, Pogs, etc selling for ridiculous sums of money. 11 month wait times for grading of cards. Yeezyzs and sneakers are now bonafide asset classes to many people? Housing prices in my country were supposed to be stable or maybe even set for a correction and they are up 20-30-40% in different places. Used Cars are not really in the speculative, but the prices behind them have led to Runs on certain new cars. I recently had an acquaintance of mine purchase a brand new Rav4 hybrid at an "insiders" price from a friend at a dealership, with the sole purpose of flipping it for a couple thousand dollars profit when he finally took possession. These are just anecdotes, but it certainly seems like everyone is vying to participate in the get rich quick economy.

real-dino 5y ago
I've gone all in on GME. It's old news, but there is something there. When I try to explain it, I end up looking like the crazy conspiracy meme guy.
- atatatat 5y ago
  Try me.
  - real-dino 5y ago
    The idea is that the shorts never actually covered. They shorted it greater than 140% back in January, as that was the maximum that can be reported. Even before January it was slowly rising from 4 dollars, so the hedgefunds kept doubling down on their bankruptcy jackpot. If they short the company to zero, the shares are worthless and they don't have to cover their short positions. This has always worked, they have power and abuse it to put companies like Toys R Us out of operation with no way to effectively raise capital. They did not anticipate that a company could turn around, which is essentially what has happened. Ryan Cohen the new CEO has effectively taken GameStop's domain name and is building a whole new business around it, with all the debts gone, the whole board replaced, and completely new management. Not to mention they have raised billions with ATM offerings and are now completely debt free. Even without a short squeeze, Gamestop is set to compete with Amazon for gaming, and has poached ex-Amazon talent in it's management. Fundamentaly it's a solid company, and that is even without the MOASS. Hedgefunds are trapped now, and are now triggering FTDs (Failure to Delivers), and need to reset the timers using various means including deep ITM options, ETFs, and shorting whatever shares they can get their hands on. For example XRT has been 240% shorted since Feb. They'll buy up a whole ETF just to get their hands on the GME shares inside. They will dig a deeper and deeper hole until they are margin called and forced to cover. Conservative estimates have retail holding 110 million shares, but due to the lack of transparency in the market, this cannot be proven. In addition all the new SEC filings that have been coming out have been specifically worded to agree with this. 005 for example is an ass-covering exercise about options manipulation, and 002 increases the frequency which short positions must be reported. Most of these are to prevent this kind of scenario happening ever again. Finally the media coverage has been constant dismissal of Gamestop and the promotion of other meme stocks such as AMC. Gamestop is no longer a memestock at this point and is a solid play MSM (the news network) do not want to advertise. Only recently has the media been talking about 'naked shorts' (2 weeks ago by accident), and 'dark markets' (2 days ago), where these subjects were discussed on Reddit 6 months ago! You won't find this on WallStreetBets, there is a dedicated subreddit SuperStonk, which is a bias confirmation echo chamber still, but incorrect info does get corrected and people called out.

Darrowolykos 5y ago

What officer was murdered?

errantmind 5y ago

It is light on details because the article is based on a recent tweet