Some sleep aids during bubble talk.
Bubble talk is everywhere, which, paradoxically, means it probably isn’t a bubble. When everyone’s worried, nobody’s euphoric enough to trigger the fall they’re worried about.
But maybe the 1929 discussion, dot-com comparisons, end-of-QT historical references, and time-to-AI-profitability projections have you feeling like you left the oven on. You’ve made enough in this best run since the 1950s and you’re ready to stash some away.
But, says the nagging voice at the back of your head where you keep your FOMO, it did take more than three years for stocks to peak after Alan Greenspan’s “irrational exuberance” speech in 1996. And what an amazing three years they were. What if we keep going at this pace until 2028, almost exactly the century mark for the Great Crash that ignited the Great Depression? You’d hate to miss that.
What to do?
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