Was it like this during 2008 or 2001? Like people sayin 'yeah i am invested but i now this shit is going to crash'
>>62248371Yes. Exactly same pattern but we still have at least a 5x run left.
>>62248378There is not enough money in the world to push this 5x
>>62248371people didn't see 2008 coming at all.there was a vague feeling of concern when gas hit $4 but nobody was predicting what came next
>>62248386this was probably because 08 was triggered by customers, not investors. Investors had no idea customers would suddenly decide en masse to default on their loans even when they could pay them. That was not considered rational or ethical behavior, and it hadn't really happened before.
>>62248411the funny part is all those people that defaulted on underwater loans saved a few thousand but then immediately lost out on their houses going up 500% in the next few years. I sometimes wonder how they feel about that now, knowing they walked away from a house they bought for $70k that's now selling for $700k because they were $5k underwater on the loan.
>>62248371the mass consensus is always wrong. only when the last bear turns into a bull will everything rape.
>>62248371it seems too obvious which makes me think we wont collapsei need more exposure to normals to gauge their sentimentonce i have coworkers telling me to buy the top of green candles, i will know it's time to sell
>>62248371>doomsday faggotholy shit i was like this at 16 or 17 and you are a grown ass man on the internet, the market trends up over time
>>62248371Peter Schiff was talking about housing bubble in 2005, there are still videos on youtube and there were many other people talking about coming crash
>>62248466the fact that it popped almost 4 years later is good evidence he identified the problem and had no clue when it would crash.many such cases. Lots of contrarians were warning about subprime mortgage derivatives. None of them knew when it was going down, or how bad.
>>62248463If you pay attention i am making the opposite case, shit cant crash because everybody is in fear and believe is going to dump to hell soon.
>>62248458This one is weird because i hear normies talk about 'the AI bubble and that this is like the dot com one'.
>>62248471>had no clue when it would crashno one ever does, but you don't need to know, you just position your portfolio properly
>>62248482sure, but what I saw was nobody seriously believed it would crash in 08. All the warnings were published and years went by without anything happening so everyone thought it was fine.then suddenly it all went to shit at once. Not because investors backed out or regulations changed. Just because people all at once decided their mortgages cost too much.by the time it crashed even the bears were convinced it wouldn't happen.
>>62248475even if we retrace 5-10% short term so what? the RRR per your dca basis is going to be much higher in relation to price action upside volatility retard holy shit go read a book nigger
>>62248371Imagine still thinking a.i. is a bubble lmao ngmi
>>62248488https://www.youtube.com/watch?v=B035vl7u-hgwatch this, where he identifies fake GDP metrics inflated by debt, China winning, US debt problem and how all the npc's refuse to believe him
>>62248371I lost my virginia in 2001
>>62248502I was being polite when I called Schiff a contrarian thougheven when he's right, most investors thought of him as a nutjob. I think a lot still do. Cassandra's gift of prophecy. He knows what he's talking about, but nobody actually believes him. Or if they believe him they bet against him anyways because most other investors don't believe him.
>>62248514>contrariani don't think he is contrarian, he just looks at the data and makes obvious conclusions, this is what a smart human being should do, but there are many people who look at the data, see the problem, but continue to ignore it
>>62248530obvious conclusions are often wrong if you ignore compounding variables and black swans.and even when he's right, he has no idea of the timing meaning everyone is free to ignore him for as long as possible because he's actually wrong for years before he's suddenly right.but he does appeal to reductionists and people who crave simple narratives. That's a fact. And if we ignore all the times he's been wrong, he's often right.
I'm not sure if it can pop if it's basically a fuckin religion of CEOs worshipping LLMs as the Oracle from the bible.
>>62248538it can definitely pop if consumers are priced out of the action and it becomes one huge corporation selling services to another all day.
>>62248371>Was it like this during 2008 or 2001same as always: rich parasites cry about poor people not wanting to work 24/7 for free to make them even richer.
The integrity of the stock market is a national security issue. It will not "crash" ever again.
>>62248477which suggests to me we're heading into media attention moreso than delusion and greedonce those normies fomo in and say>ai is the new paradigm this time the market can never fail we will all be rich forever!it's the topit's hard to reconcile with that when tech stocks are literally 2x or more in just a few months
>>62248383>nooooo you can't just print 666 quadrllion dollars to bail ou the banks nooooooowatch and learn
>>62248371Yes I was saying there would be a crash every year 5 years before 2008.
>>62249989Broken clock (or how many millions did you make by shorting?)
