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Comment by atlgator | Hacker News Reader

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atlgator

Or real estate circa 2006. When your cab driver starts offering unsolicited stock tips, that's the time to get out.

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Isn't it the same when people on Hacker News start telling you to exit the market.

HN is very bearish in general. Aka permabears.

If you sold on sentiment here you would always be selling, or just not buying.

Yep, it's overall quite pessimistic from my perspective. Despite them, I've been buying diversified indexes all throughout this year. The gains have been absolutely beautiful. :)

Because we know too much.

Because we still somehow believe the market is rational, when nobody truly understands whats going on in the financial economy.

What, you think you the two accounts with only a few months of posting history might be trying to spread FUD?

Yeah, at this most recent COVID bottom, HN was saying that buying was like catching a falling knife, that the average recession dropped n% more, that it was going to get worse. I am very glad I ignored HN commentary.

Hacker News said the same bearish things about bitcoin (ETH partially excluded) when Bitcoin was cheap, exorbitantly expensive, and all in between. Hacker News, RealVision and any -news are permabears. Fund managers and financial advisors are permabulls —- or as they say: eternal optimists.

Who do you want to be like? Choose wisely my friend but you’ll find that few people with publicly voiced opinions remain in the middle.

If you have a source that you think is a reliable source, please let me know!!!

Ah, the era of NINJA loans.

My haircut guy went from renting to "owning" 2 homes.

Those were amazing times.

I love the term NINJA loans. Did it exist in the real world before The Big Short?

The Big Short scene: https://youtu.be/H-XINT-hL5I?t=60

Where are you getting out to? A 40% inflated money supply of US dollars?

Bitcoin?

Euros?

Property

Property also seems pretty inflated from where I sit. Direct return on investment a paltry half percentage point or so above the interest rate.

Maybe if you want to bet on the interest getting negative and staying there forever, but then you're back at the same assumptions as if you invest in the stock market.

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