This is the message that so many are listening to right now. The bubble that this herd think has created is far bigger than dot bomb and bigger than the peak of 2008 combined.
I just watched a commercial on YouTube wherein a 9 year old girl says she gave up making sno cones in order to earn cash because now she's trading stocks. In fact, she just made $ off of a Disney trade. And you can too if only you will follow the advice of the millionaire trading mom, Markay Latimer.
Listen up and listen good. These are the kinds of shenanigans that only occur at major market tops. These people have now learned that stocks only go up because they are supported by government action. Thus, just buy stocks and you too can live like a rich person.
What this is signalling is that everyone is in the market, even 9 year old children and soccer moms. In past market collapses there were always buyers at the bottom. The next time markets crash, I think there will no NO buyers. Stocks will go down and they will stay down for such a long time that everyone will give up on them and never touch them again. The markets will take decades to recover from the next time stocks go into collapse mode. So many boomers are going to get completely wiped out. I almost can't bear to watch it but let's face it, at the end of the day we all really just get what we deserve.
Sunday, September 6, 2020
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