re: More carnage in the stock market on Monday?

quote:

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I chose a terrible time to play stock broker. Figures. Everything I’ve touched has turned to crap

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I had a friend tell me about a subreddit a couple of weeks ago called meme economy or something like that. Basically, the users 'buy' (I don't know how, but that's irrelevant) memes that are just starting to build popularity and then sell once the memes have peaked. The way to know that a meme has peaked, he said, was to see if it had reached a certain audience yet, like middle schoolers.

The trends of financial markets behave similarly. The peak occurs not long after the trend is so obvious to everyone that even the 'middle schoolers,' the shoeshine boys, and the bus people (as Mark Fisher likes to call them) are aware and have jumped in. Because once they jump in, there's no one else left for the trend to reach and push it further.

Now, I'm not saying that you're a middle schooler or a shoeshine boy or a bus person. Rather, I'm saying that the more obvious an opportunity is to you and everyone around you, the less you can profit from that opportunity. You want to be in an opportunity before CNBC and other media groups are covering it so the masses put money into your account. And you definitely want to be wary when seeing euphoria on this board, or worse, people making money on wallstreetbets.