My point is this folks. Predicting the future with any accuracy is a tough game even when you have rock solid, 100% true current information. Trying to do it while being lied to on just about every topic imaginable is a recipe for defeat.
When does that stop? How does it stop? Does it have to stop? Logic says yes it will indeed end. But I’ll be damned if I know just how. We have already seen so many impossible things, that I can’t wait to see the next one. Get your popcorn and watch the show.
pundits of today, are spewing the same crap they spewed in the 1999 market madness. Overvaluation didn’t matter they said because they were all going to make so much money in this “Internet thing”.
We had a market that had run up for 9 years. We had valuations at nosebleed levels. We had people that didn’t sell in 2017 so they wouldn’t have to pay taxes on it in 2018. Some decided it was time to book profits. We had a lot of reasons for a correction to hit. And, hit it did.