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Obviously hindsight, but the combination of 0% interest rates and the rise of retail investing post-March 2020 was fuel that had to run out eventually. Predict
by ssharp 4y ago
Obviously hindsight, but the combination of 0% interest rates and the rise of retail investing post-March 2020 was fuel that had to run out eventually.
Predicting tops/bottoms is a fools errand, however. If you thought Bitcoin was overpriced at $15,000 and see it rise to almost $70,000, only to see if fall, but not past the point where you initially thought it was overpriced -- well, hopefully you at least didn't bet on it being overpriced at $15k.
I remember thinking how crazy Tesla's price seemed to me in June/July 2020. It then proceeded to go up more than 4x that price over the next 1.5 years before falling, but TSLA is still trading ~30% higher than those June/July 2020 prices.