Why Bull Markets Are Dangerous

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watchnerd
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Re: Why Bull Markets Are Dangerous

Post by watchnerd » Sun Sep 16, 2018 11:00 am

nedsaid wrote:
Sat Sep 08, 2018 8:18 pm

Your mom is an indication that we might be getting too confident. But so far, I haven't heard of people quitting their jobs to day trade as they did during the late 1990's. I am not seeing the market euphoria out there but certainly optimism has increased.


People are / were doing this now, but with crypto currencies, not stocks. I've met people who claim to be full time crypto traders.

Maybe not so much now that crypto has tanked in the last several months....
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nedsaid
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Re: Why Bull Markets Are Dangerous

Post by nedsaid » Sun Sep 16, 2018 12:23 pm

watchnerd wrote:
Sun Sep 16, 2018 11:00 am
nedsaid wrote:
Sat Sep 08, 2018 8:18 pm

Your mom is an indication that we might be getting too confident. But so far, I haven't heard of people quitting their jobs to day trade as they did during the late 1990's. I am not seeing the market euphoria out there but certainly optimism has increased.


People are / were doing this now, but with crypto currencies, not stocks. I've met people who claim to be full time crypto traders.

Maybe not so much now that crypto has tanked in the last several months....
Yes, markets do correct. Excessive enthusiasm does get punished. Sounds to me like there was a true mania in crypto currencies.
A fool and his money are good for business.

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watchnerd
Posts: 1437
Joined: Sat Mar 03, 2007 11:18 am
Location: Seattle, WA, USA

Re: Why Bull Markets Are Dangerous

Post by watchnerd » Sun Sep 16, 2018 12:27 pm

nedsaid wrote:
Sun Sep 16, 2018 12:23 pm
watchnerd wrote:
Sun Sep 16, 2018 11:00 am
nedsaid wrote:
Sat Sep 08, 2018 8:18 pm

Your mom is an indication that we might be getting too confident. But so far, I haven't heard of people quitting their jobs to day trade as they did during the late 1990's. I am not seeing the market euphoria out there but certainly optimism has increased.


People are / were doing this now, but with crypto currencies, not stocks. I've met people who claim to be full time crypto traders.

Maybe not so much now that crypto has tanked in the last several months....
Yes, markets do correct. Excessive enthusiasm does get punished. Sounds to me like there was a true mania in crypto currencies.
"Crypto’s 80% Plunge Is Now Worse Than the Dot-Com Crash"

https://www.bloombergquint.com/markets/ ... gs.masbHXQ
Tax Sheltered: 35% US Stock | 35% ex-US Stock | 30% TTM || Taxable: 35% US Stock | 35% ex-US Stock | 15% TTM | 15% Munis

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