Remember in 2000 when your taxi cab driver was giving you his latest stock tips?
How about in 2007 when your cousin (and everyone else’s) turned into professional house flippers?
Or 2021 when your plumber was bragging about his crypto wallet?
A commonly accepted sign of a bubble is when EVERYONE – including totally unqualified people – is yapping about it.
And then the bottom falls out and suddenly the future THE ENTIRE WORLD knew to be true turns out to be wrong.
If it happens on the way up, could it happen on the way down?
I’ve been following financial markets since I was a sophomore in college, 27 years ago.
And personally, I can’t remember another time when the ENTIRE WORLD was wringing its hands about impending doom.
Besides inflation, it’s the only thing anyone can talk about.
Now I can’t claim any omniscient crystal ball skills.
But I AM a student of history and this feels a lot like it did right before those bubbles burst… only in the opposite direction.
So I’m just sayin…
As always, this shouldn’t impact your investment strategy. #alwaysbeinvested
Hopefully, it’s just a fun topic of discussion around the dinner table this holiday weekend.
