4 ms·
The Stock Market: The New Normal ?
- atlbeer 18y agoWhenever anyone says this time is different it's a pretty sure bet that this time is the same as the last
- ConradHex 18y agoThat's always been true before, but I think if you look closely you'll realize that this time it's all different.
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- krschultz 18y agoThis time is different, for one unemployment is only 6.1%. If it goes to 8%, it will still be significantly less than the depression. I know he is slogging away with the day trading and it looks like hell, but step back, look at the long term picture and realize it has to go back up again. If it doesn't, we're in for a lot bigger problems than "my retirement account went down"
- netcan 18y agoThis is an interesting one At no other time in the history of our markets have the words “blue chip” completely lost their meaning.
- fallentimes 18y agoI want to know if he ever went ahead with his gambling hedge fund: http://is.gd/4YSp http://is.gd/4YSp
- mynameishere 18y agoCuban: My favorite drunken commentator. I don't know, but I suspect his vino, while costing him 10x as much as mine, is leading him towards somewhat more foolish investments. Plus, he's consistently 24 months behind in his basic realization of things: At no other time in the history of this country did savings fall as far below zero pct of income O WeewY????
- taw 18y agoPeople have been saying that it's unique times and old rules don't apply for all of history, some obvious examples: * population growth - "The battle to feed all of humanity is over. In the 1970s and 1980s hundreds of millions of people will starve to death in spite of any crash programs embarked upon now. At this late date nothing can prevent a substantial increase in the world death rate..." * dotcom business models * real estate bubble * my very favourite - oil price bubble. To paraphrase it went like this "oh noes, it's peak oil, soon barrel will cost over 9000 dollars, the civilization is going to collapse, move rural and start growing your own food, billions will die". It was quite popular on the Internets even just a few months ago. Past performance of "experts" indicates that for every trend there will be "experts" happily overextrapolating it. Past performance is still the best indicator of future results.