FOMO, YOLO, NFT, SPAC! It's bubbles on bubbles. nytimes.com/2021/03/13/tec…
Why are we suddenly surrounded by investment manias?
-Pandemic stimulus + Fed printing money = lotta $$$ sloshing around
-Stocks expensive, bonds not attractive, everyone's chasing risk
-Day trading becomes a pandemic pastime
-Each mania is weirder and wilder than the last
-Pandemic stimulus + Fed printing money = lotta $$$ sloshing around
-Stocks expensive, bonds not attractive, everyone's chasing risk
-Day trading becomes a pandemic pastime
-Each mania is weirder and wilder than the last
Where does this go from here?
-The economy is roaring...
-Not many ppl see systemic risk...
-Vaccines could lead to a new roaring 20s...
-Bubbles, while risky, also lead to major technological shifts
-The economy is roaring...
-Not many ppl see systemic risk...
-Vaccines could lead to a new roaring 20s...
-Bubbles, while risky, also lead to major technological shifts
In conclusion, might I suggest a nice passive index fund?? nytimes.com/2021/03/13/tec…
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