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re: Starting to Feel like a Bubble

Posted on 8/5/24 at 12:37 pm to
Posted by slackster
Houston
Member since Mar 2009
90085 posts
Posted on 8/5/24 at 12:37 pm to
quote:

Experience: the shite you get when you get what you don't want. Unfortunately, I earned mine a long time ago. And now you can buy at a heavy discount when you think the timing is right. The other tidbit is don't try and catch a falling knife, that usually never works out well.


Keep us posted when you get back in.

By the way, the S&P 500 is down 4.5% since your post while BTC is down 18%. Good job selling stocks and not BTC, I guess?
Posted by LSURussian
Member since Feb 2005
131385 posts
Posted on 8/5/24 at 12:40 pm to
quote:

The only thing I kept where it was and adding to is my BTC.
OUCH!!
Posted by Pierre
Baton Rouge
Member since Nov 2005
5387 posts
Posted on 8/5/24 at 1:11 pm to
quote:

Starting to Feel like a Bubble


quote:

FizzyPop


Name checks out
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
38798 posts
Posted on 8/5/24 at 1:35 pm to
quote:

I moved out of EVERYTHING, all securities, yesterday. The only thing I kept where it was and adding to is my BTC.
ouch
Posted by Auburn1968
NYC
Member since Mar 2019
23282 posts
Posted on 8/5/24 at 5:22 pm to
Seems more like a rock and a hard place with the rock being massive borrowing, spending and printing money and the hard place being the Fed trying to control the resulting inflation by raising interest rates.

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