I truly believe there exists media designed to get low info investors to make the wrong stock market moves and this is one. You can’t sell a stock if someone else isnt buying it. This and people like Kramer insure the in the know people can offload stock onto rubes before everyone knows their toasted.
It’s true. That media is called “the media”.
The whole machine is designed to influence low information investments, it’s just that that doesn’t stop at stocks.
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It’s the next big thing!
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It’s not a bubble
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Okay, maybe it’s a bubble, but a ‘rational’ one <- we are here
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Shit
Pop goes the
weaselbubble
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Any bubble is just as rational as any other. It’s irrational in that it’s not based on fundamentals, and rational in that it’s based on reasonable belief that the value will go up.
Once people start to openly justify the bubble by the rationality of the greater fool theory, they tend to pop very quickly.
This time things are different in that there is an actual caste of people with infinite money that can only pop one bubble if they inflate another one (or if the government stops giving them money, but I wouldn’t bet on that). And there doesn’t seem to exist anything big enough to take all that money. So it’s hard to imagine the bubble popping mechanics working here.
As usual this applies: https://en.wikipedia.org/wiki/Betteridge’s_law_of_headlines
In other words can we blow some more air into the balloon while pretending that it is actually not a real balloon
All bubbles are good until they’re not.
