GREY:XEBEQ - Post by User
Post by
GGreenon Feb 10, 2021 11:36am
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Post# 32525521
TT.... "... some are getting antsy pants"
TT.... "... some are getting antsy pants"Ha... "...some are getting antsy pants" I think that's a good way to put it. I must admit the "antsiness" (if that's even a word) is more related to this "irrational exuberance* " that we're seeing the the general markets more than an issue with individual (quality) stocks... we saw what happened mid-March 2020 - virtually all stocks got pulled into that vortex. The amount of waves of market frenzy (which isn't just being driven by retail investors) is concerning GME/AMC --> BITCOIN --> WEED --> ???? all with no underlying fundamentals. It almost feels like when you're at the casino and have a slot machine that's on a winning streak and emotion takes over and you start to feel you can never lose until little by little it all gets clawed back....should these now be referred to as MARKET SLOTS Perhaps its time to take a deep breath and reassess where we're at.
Having overheard some new / young "retail' Investors speaking amognst themselves recently - many just believe that stocks just go up. Most were just starting grade school during the '08 financial crisis and likely would not believe you if you tried to tell them about the 1999-2000 dot.com bubble. Hmmmm...
* Irrational exuberance is a state of mania. In the stock market, it's when investors are so confident that the price of an asset will keep going up, they lose sight of its underlying value. The phrase was coined by former Federal Reserve Chairman Alan Greenspan in 1996.