Active Topics | Member List | Search | Help | Register | Login
The John Byrne Forum
Byrne Robotics > The John Byrne Forum Page of 4 Next >>
Topic: The Stock Market Post ReplyPost New Topic
Author
Message
John Byrne
Avatar
Grumpy Old Guy

Joined: 11 May 2005
Posts: 132134
Posted: 30 November 2017 at 12:20pm | IP Logged | 1 post reply

Brace yourselves! It's gonna blow!
Back to Top profile | search
 
Dale Lerette
Byrne Robotics Member
Avatar

Joined: 24 March 2010
Location: Canada
Posts: 750
Posted: 30 November 2017 at 12:39pm | IP Logged | 2 post reply

Care to share any predictions, sir?
Back to Top profile | search | www e-mail
 
Peter Martin
Byrne Robotics Member
Avatar

Joined: 17 March 2008
Location: Canada
Posts: 15729
Posted: 30 November 2017 at 12:43pm | IP Logged | 3 post reply

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...


Back to Top profile | search
 
Robbie Parry
Byrne Robotics Member
Avatar

Joined: 17 June 2007
Location: United Kingdom
Posts: 12186
Posted: 30 November 2017 at 5:40pm | IP Logged | 4 post reply

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!"
Back to Top profile | search
 
Eric Sofer
Byrne Robotics Member
Avatar

Joined: 31 January 2014
Location: United States
Posts: 4789
Posted: 01 December 2017 at 8:52am | IP Logged | 5 post reply

And as Mr. Clemens said...

"Buy land. They're not making it anymore."
Back to Top profile | search
 
Brian O'Neill
Byrne Robotics Member
Avatar

Joined: 13 November 2013
Location: United States
Posts: 1964
Posted: 01 December 2017 at 5:41pm | IP Logged | 6 post reply

Is there actually anything to this?
Back to Top profile | search
 
John Byrne
Avatar
Grumpy Old Guy

Joined: 11 May 2005
Posts: 132134
Posted: 01 December 2017 at 6:28pm | IP Logged | 7 post reply

Ever hear the term "bubble"?
Back to Top profile | search
 
Brian O'Neill
Byrne Robotics Member
Avatar

Joined: 13 November 2013
Location: United States
Posts: 1964
Posted: 01 December 2017 at 6:53pm | IP Logged | 8 post reply

Obviously. It's usually the crashes that bring about talk of its bursting.
Back to Top profile | search
 
Jason Czeskleba
Byrne Robotics Member
Avatar

Joined: 30 April 2004
Posts: 4545
Posted: 02 December 2017 at 3:01am | IP Logged | 9 post reply

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?
Back to Top profile | search
 
Brennan Voboril
Byrne Robotics Member
Avatar

Joined: 15 January 2011
Posts: 1731
Posted: 02 December 2017 at 12:40pm | IP Logged | 10 post reply

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? 
Back to Top profile | search
 
Neil Lindholm
Byrne Robotics Member
Avatar

Joined: 12 January 2005
Location: China
Posts: 4939
Posted: 02 December 2017 at 7:12pm | IP Logged | 11 post reply

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. 

Back to Top profile | search e-mail
 
Brennan Voboril
Byrne Robotics Member
Avatar

Joined: 15 January 2011
Posts: 1731
Posted: 03 December 2017 at 10:11am | IP Logged | 12 post reply

Neil while Bitcoin is obviously not the same as stocks it is a speculative bubble.  
Back to Top profile | search
 

Page of 4 Next >>
  Post ReplyPost New Topic
Printable version Printable version

Forum Jump
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot delete your posts in this forum
You cannot edit your posts in this forum
You cannot create polls in this forum
You cannot vote in polls in this forum

 Active Topics | Member List | Search | Help | Register | Login