Simple question really because it's been bugging me more and more the past few months. You can't turn around without seeing a post, news article or Michael Burry's 20 year old head shot talking about all of the parallels.
You see this kind of logic in sports betting all the time where someone will say "well Team A hasn't beaten Team B in 20 years" and then *boop*; team A wins.
If "Past performance is no guarantee of future results", then why do people keep comparing the current market to the dot com bubble?
byu/Ziegelmarkt ininvesting
Posted by Ziegelmarkt
6 Comments
It’s all we got.
history doesn’t repeat itself, but it often rhymes.
Only data in town
I feel like the man in charge has given the bubble every opportunity to burst and it has not so far.
Everyone is scared of losing money, this could be the time in history where if you aren;t invested in stocks
you can never buy a dip again. Its going to do the reverse of 1929
If you had been there and financially aware at that time you would see the incredible parallels. History doesn’t have to repeat itself, but it often rhymes. The only way this doesn’t end badly for a decade or longer is if AI actually starts making massive profits very soon to cover for the massive investments being made for it. No question that AI will be a huge deal and change our lives but so did the internet, it just took it a decade to have profits that justified the expenditures in the late 90’s.