Home Ownership

[Gustoo]

Ya but what is going to set off the next financial catastrophe?

Will it be just creeping inflation making the whole economy tank?

Combined with workers who don't want to do menial under appreciated work for the same pay they got on vacation?

Or will it be an actual burst bubble of some kind?

I've had concerningly good returns in my 401k in the last 6 years, hopefully that doesn't all disappear.

[Jibartik]

Originally Posted by Gustoo [You must be logged in to view images. Log in or Register.]

I've had concerningly good returns in my 401k in the last 6 years, hopefully that doesn't all disappear.

The crash from the depression, among other things, came from people investing too much into a market that seemed to have no ceiling, so the stocks will keep going up and up, oh wait....

This was in itself creating a market, for itself, and it kept going up and up, until like all MLMs it hit a plateau and it all came crashing down....

Compared to today, where we know about all that and dont make the same mistake twice...

EXCEPT that we just invented a brand new digital global market... that seems to have no celling, so the stocks will keep going up and up oh wait.... see the above bolded text...

Basically I think once we hit a cap on this new global market (which we are either close to, or far from) then we will see the next crash.

So much of the boom we've had in the last 20 years is a result of the internet and mobile phones, and giving billions of users access to all kinds of demographics and markets they were previously not able to hit.. sooner or later those markets are going to dry up and the house of cards we built around it will collapse, that's what I think.

[Gustoo]

Originally Posted by Jibartik [You must be logged in to view images. Log in or Register.]

The crash from the depression, among other things, came from people investing too much into a market that seemed to have no ceiling, so the stocks will keep going up and up, oh wait.........

Yeah I've been feeling some yikes.

[Gwaihir]

Originally Posted by Gustoo [You must be logged in to view images. Log in or Register.]

Yeah I've been feeling some yikes.

I'm 90% liquid right now after optioning +179% in gains this year. I could sit out for the next year and still be up BIGLY over SPY

[Gatordash]

Originally Posted by Gustoo [You must be logged in to view images. Log in or Register.]

Ya but what is going to set off the next financial catastrophe?

Will it be just creeping inflation making the whole economy tank?

Combined with workers who don't want to do menial under appreciated work for the same pay they got on vacation?

Or will it be an actual burst bubble of some kind?

I've had concerningly good returns in my 401k in the last 6 years, hopefully that doesn't all disappear.

There in lies the problem with a financial crash. You don't know what is going to cause it or when its going to happen. Could be 3 months from now or 3 years.