4 ms·
Another way to look at it is that he simply voiced it, while others knowingly stayed silent or touted everything was fine.
by libertine 4y ago
Another way to look at it is that he simply voiced it, while others knowingly stayed silent or touted everything was fine.
- seanhunter 4y agoFirstly, a vast swathe of commentators have been saying for some time that it's a bubble. You don't need to be some sort of prophet to see that reddit meme stocks and half-million-dollar monkey jpeg profile pictures constitute a bubble. Secondly just saying that the squiggly line is going to go down at some point in the future is not insight. Ask Melvin Capital how spotting the bubble in meme stocks worked out for them. Markets can remain irrational longer than you can stay solvent and all that. Listening to these guys (or the shills who keep saying things will go up because they're no different) is like when they conduct a prematch interview with an athlete. "What's your plan for the game?" "Well what we gotta do is score a lot of points and stop the other guys from scoring points. If we can do that, we'll win."