Hacker News new | ask | show | jobs
by fullstackchris 1043 days ago
that's what everyone said in 99 when nasdaq basically doubled in a year... then continued to more than double the year after that! a lot of guys blew up being too early trying to guess when the selloff would finally happen...

they're called bulls for a reason - they're not the brightest, but you gotta be sure to either join 'em or get the heck out of the way while they're in control!

1 comments

But how much higher can the market really go with interest rates like this?
"The market can stay irrational for longer than you can stay solvent"
The market did great in the 1980s, and the Fed Funds rate averaged about 10% over the decade and never dropped below about 6%, which is higher than it is today. So, there's that.