What is Nostr?
ArmchairEconomist /
npub1h2y…apl0
2024-07-16 04:25:37
in reply to nevent1q…kyll

ArmchairEconomist on Nostr: It means the market goes in cycles. People expecting the the stock to go up forever ...

It means the market goes in cycles. People expecting the the stock to go up forever will get hurt.

Example: the Nikki in Japan peaked 1989. It's still hasn't broken even yet. China too.

The DOW & NASDAQ are absurdly overpriced. A crash will come.
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npub1h2yvt7q2xvzwj7r2mdklte5km80ps4euf02la4a8yyrcfsgygerqcvapl0