The chart from Flame University is awesome! That needs to be reposted in the Circle Community! 👍 Today is Oct 11, 2024. According to the chart I think we are two or three steps above the bottom with plenty of room before the top.
Looking back at Q2 2020 through Q4 2021, I see a lot of signs markets were running toward a top.
Number 1 - We seemed to have lots of SPACs.
Number 2 - Asset prices shot up like rockets starting Q2 in 2020.
Number 5 - A class of investor celebrities came about. Bill Ackman and Cathy Wood were all over.
Number 6 - Volume was heavy!
Number 8 - People were buying art, wine, and collectables.
Number 11 - Retail / amateur investors stuck at home with COVID stimulus money stimulated markets.
Number 12 - Everything was "cloud this", "cloud that". You could cut the euphoria with a spoon!
Then when inflation hit and rates rose, we saw our trip down to the bottom.
Number 1 - No more SPACs.
Number 4 - Multiples contracted.
Number 6 - Rates actually rose because of inflation but now we are seeing rates fall. Soft landing?
Number 9 - Nobody liked REITs.
Number 11 - Investors sold equities and bought Treasury issues.
Number 12 - Sam Bankman Fried and his cronies got busted.
Number 13 - Nobody is happy with inflation.
I'm printing that chart and hanging it! 🖼️
Google says the quote, "Checking your stocks daily is like putting up a webcam in the forest to see if the trees are growing." came from Burton Malkeil. Is that true?
I am long overdue to visit the Archives! 😃
10kreader.com is gone. 🤷
I remember Double Click! Does that make me old? 👴
The chart from Flame University is awesome! That needs to be reposted in the Circle Community! 👍 Today is Oct 11, 2024. According to the chart I think we are two or three steps above the bottom with plenty of room before the top.
Looking back at Q2 2020 through Q4 2021, I see a lot of signs markets were running toward a top.
Number 1 - We seemed to have lots of SPACs.
Number 2 - Asset prices shot up like rockets starting Q2 in 2020.
Number 5 - A class of investor celebrities came about. Bill Ackman and Cathy Wood were all over.
Number 6 - Volume was heavy!
Number 8 - People were buying art, wine, and collectables.
Number 11 - Retail / amateur investors stuck at home with COVID stimulus money stimulated markets.
Number 12 - Everything was "cloud this", "cloud that". You could cut the euphoria with a spoon!
Then when inflation hit and rates rose, we saw our trip down to the bottom.
Number 1 - No more SPACs.
Number 4 - Multiples contracted.
Number 6 - Rates actually rose because of inflation but now we are seeing rates fall. Soft landing?
Number 9 - Nobody liked REITs.
Number 11 - Investors sold equities and bought Treasury issues.
Number 12 - Sam Bankman Fried and his cronies got busted.
Number 13 - Nobody is happy with inflation.
I'm printing that chart and hanging it! 🖼️
Google says the quote, "Checking your stocks daily is like putting up a webcam in the forest to see if the trees are growing." came from Burton Malkeil. Is that true?
Love this!
" All shareholder letters Warren Buffett " is not available. can you update it?
You can find it here: https://drive.google.com/file/u/1/d/1ya5BU8MYIxE4hIbYi8f3yWD4V1K5SrkP/view?usp=sharing