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John Byrne
Grumpy Old Guy
Joined: 11 May 2005 Posts: 132134
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Posted: 30 November 2017 at 12:20pm | IP Logged | 1
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Brace yourselves! It's gonna blow!
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Dale Lerette Byrne Robotics Member
Joined: 24 March 2010 Location: Canada Posts: 750
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Posted: 30 November 2017 at 12:39pm | IP Logged | 2
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Care to share any predictions, sir?
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Peter Martin Byrne Robotics Member
Joined: 17 March 2008 Location: Canada Posts: 15729
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Posted: 30 November 2017 at 12:43pm | IP Logged | 3
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People have been expecting a top for a couple of years. It is inevitable that we'll reach a top eventually. Earnings growth has been good though, so that valuations aren't all that toppy and at the moment with interest rates so low (and with inflation still tame, the Fed has plenty of freedom to maintain accommodative monetary policy), the stock market still seems an attractive place to hold my money (famous last words).
Bitcoin on the other hand...
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Robbie Parry Byrne Robotics Member
Joined: 17 June 2007 Location: United Kingdom Posts: 12186
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Posted: 30 November 2017 at 5:40pm | IP Logged | 4
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Buy land, folks.
Remember Lex Luthor's advice:
"Stocks may rise and fall, utilities and transportation systems may collapse. People are no damn good, but they will always need land and they’ll pay through the nose to get it!"
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Eric Sofer Byrne Robotics Member
Joined: 31 January 2014 Location: United States Posts: 4789
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Posted: 01 December 2017 at 8:52am | IP Logged | 5
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And as Mr. Clemens said...
"Buy land. They're not making it anymore."
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Brian O'Neill Byrne Robotics Member
Joined: 13 November 2013 Location: United States Posts: 1964
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Posted: 01 December 2017 at 5:41pm | IP Logged | 6
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Is there actually anything to this?
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John Byrne
Grumpy Old Guy
Joined: 11 May 2005 Posts: 132134
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Posted: 01 December 2017 at 6:28pm | IP Logged | 7
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Ever hear the term "bubble"?
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Brian O'Neill Byrne Robotics Member
Joined: 13 November 2013 Location: United States Posts: 1964
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Posted: 01 December 2017 at 6:53pm | IP Logged | 8
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Obviously. It's usually the crashes that bring about talk of its bursting.
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Jason Czeskleba Byrne Robotics Member
Joined: 30 April 2004 Posts: 4545
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Posted: 02 December 2017 at 3:01am | IP Logged | 9
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Let's see... stock market bubble: check Deficit-exploding tax cuts for the rich: check
All we need now is a good war, and it's pretty much the W. Bush administration all over again.
George Santayana, anyone?
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Brennan Voboril Byrne Robotics Member
Joined: 15 January 2011 Posts: 1731
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Posted: 02 December 2017 at 12:40pm | IP Logged | 10
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It is scary. Guys are my old job wept, literally, when the NASDAQ crashed the last time back during 2007-2009. Their investments vanished. We will see more of that when this bubble finally pops. I can not believe Bitcoin either. $11,000?
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Neil Lindholm Byrne Robotics Member
Joined: 12 January 2005 Location: China Posts: 4939
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Posted: 02 December 2017 at 7:12pm | IP Logged | 11
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People compare Bitcoin to stocks and in a bubble. The problem with this analogy is that Bitcoins and other digital currencies are a completely new class of financial devices and you can't base it on the ideas of the stock market.
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Brennan Voboril Byrne Robotics Member
Joined: 15 January 2011 Posts: 1731
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Posted: 03 December 2017 at 10:11am | IP Logged | 12
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Neil while Bitcoin is obviously not the same as stocks it is a speculative bubble.
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