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> If the answer to both of those questions is Yes, we will not know for months. Looking back is the only way to really know. While I agree we'll only know afte
by ben_w 1y ago
> If the answer to both of those questions is Yes, we will not know for months. Looking back is the only way to really know.
While I agree we'll only know after it happens, when bubbles pop, they can do so suddenly and at such speed that markets get closed for trading to stop panic sales.
The day before? The hour before? Can all seem fine. So we don't know if we're months away, years, or if it's tomorrow.
> There aren't many things more dangerous than hearing what you want to hear.
In general, and not just in investments.