Kumacho wrote: ↑
Fri Dec 08, 2017 4:46 am
JohnnyP wrote: ↑
Fri Dec 08, 2017 4:41 am
The bitcoin bubble is going to pop faster than a teenage girl's cherry on prom night. I cant wait for all the suicides.
I'm really afraid of the next bubble collapse. The markets are way over valued at this point and there are too many huge bubbles that could send the economy spinning.
An end to net neutrality could be that trigger that fucks the global economy. It won't take much to shake the entire world to its foundations.
It's going to be Mad Max with the Illuminati sitting on the water and gas.
The prices are high but they're not necessarily overvalued. If you look at the P/E ratio of a lot of these blue chip stocks, they're not not that overvalued. And the ones that are really high, do have real growth potential. Also, a lot of the high prices comes from actual high sales and good quarter earnings. There's been record numbers of positive quarters.
It probably won't crash for a while with the new tax plan. It will give 2018 quarter earnings the chance to look better than 2017, without having to do much effort.
There's been talks about a crash being overdue for the last few years. But this bull market has been a little different than in the past. It's been a cautious bull market with many mini corrections along the way. That's one of the main reasons it's been lasting so long.
But there are several underlying problems in the bond market, and much bigger red flags in the derivatives market. We're also repeating some of the same mistakes with the housing market. And as always, wall street and banks are always doing shady shit we don't even know about that could fuck everything up. So yea, something out there is brewing to send the economy into another disaster.