[gimmeThaBeet]

This is mildly related, Matt Levine seems more popular around these parts nowadays, he had a bit a few months ago that I find resonates when I see people who seem to constantly seem to speak vaguely in stock market terms and bubbles and soforth. Not really directed to you, more to the parent.

>On the other hand, if you bet that stocks will go down, you have some compensating psychic rewards. For one thing, occasionally stocks will go down, and you will be praised for your prescience in predicting the crash, and the people who were long will be mocked for their complacency. How smart you will feel!

>For another thing, even if stocks haven’t gone down, you get to borrow psychically, as it were, against that future moment of glory. You can just go around sort of saying “this is unsustainable and eventually stocks will go down and I will be praised for my prescience,” and people will be surprisingly willing to say “yes that’s correct, I admire your hypothetical prescience.” Particularly since the 2008 financial crisis, financial markets—and financial media—have a strongly entrenched narrative of prescient bears and complacent bulls, a widespread sense that any rising market is suspect and that the cynical view is always the smart one.

It's just weird to me there's always people looking to figure out a way to call the top on absolutely everything.