4 ms·
You know, I really like this comment because its pretty true. I think a lot of people will say they say the signs... and I initially wanted to say that too. I
by robswc 4y ago
You know, I really like this comment because its pretty true. I think a lot of people will say they say the signs... and I initially wanted to say that too. It happened so "slow" though and its crazy to think about how "good" it was pre-covid. I mean, things generally were going up and IMO, life felt more "stable" so a tech crash 2-3 years out just wouldn't be on the radar.
I have always said (w/comments to back it up) the $600 checks were going to cause huge issues sooner than later. I don't think its that prophetic or controversial (its basic econ) but at the time it seemed if you even suggested the idea that printing so much money was a bad idea you were seen as "hating poor people" or some other flavor of "against the common man."
Still. I can't say I would have believed you. Otherwise, I would have shorted the whole tech sector.
- spaceman_2020 4y agoI saw the signs and I was convinced it was going to crash, and I even shorted it at 55kish. And it did crash. Then out of the blue, for no real reason, it went up again, hitting another new high. Point is: markets are completely irrational and predicting what they're going to do or not going to do is a futile exercise.
- robswc 4y agoYea, I understand that. I actually run a trading firm but I don't do "long term" bets like that. Also exactly for that reason.