This all is as bad as me going long an index future at ATH. I do it often, and think of this song every time I do it. Maybe y'all should as well.
you know the market is loaded when people start people mortgageing their house to buy equities or bitcoins. like I said bitcoin is just for money laundering and exchange for money. or payment..the market itself like the exchangfes is just a front for money laundering. these money launders get paid money for doing cleaning money making millions. in laundering money. money laundereres are in high demand more than ever. as it's harder to launder money now.
fund managers are mostly dumb money because they cant even beat SPY... but it's not all their fault because the subscribers are 100% dumb money.
this is nonsense... how many such voices are out there... I am telling you this from a 20 year veteran who already have made it big in the market... I am SMART money.
old people fall for the same greed of easy money and get rich schemes,,it just older folks don't know how to or care to learn about 'bitcoin' social media crap.
this stuff is like the tulip main in dutch in the 17th century and same as the roaring 1920's and many of the multi level market crap and pump and dump promo penny stocks..everybody knows it's BS.okay
twenty years is mighty long time to be 'invested' in the LONG TERM ,,,keeping feeding the market..lots of people feeding the market via gov't pay check contributions and employee deductions via company pension plans....pensions plans are the ones feeding the market. and don't tend to sell..they are selling or 'divesting' from oil stocks cause oil is immmoral stock now. immoral to own oil stocks. it's like tobacco. tech stocks are pop. now like social media..or advetising and technology. stuff. there are not that many companies to invest that is why the market is going up. tonnes of cash in bonds and nothing to invest. and if your are 65 and no kids,,no point in owning or 'invest' for the future. enjoy now and today for tommorrow you may not live. gov't bonds and T-bills used to pay 7% in 1 year bonds. in the booming 1980's and economy in US was very good even when interest rates was 7% one thing is the working class is screwed, and middle class in decline as even the US is no 'privatize' and wages are like 50% less .and no job security with private prisons, private military or contractors. and grocery stores like walmart. walmart employees are no better off than slaves as their salary can barely pay for food and rent. as most work part time. and these gig economies ,,,many of them survive as they are also on welfare and working for uber or these 'contractor' jobs which pay less than min wage. investors or uber and walmart are doing good,,not the employees same with amazon..many of the employee delivering the stuff min. wage slave salary and no job security no benefits and it's crap economy. or gap in economy..the bottom 30% who do all the work are no better off than slaves. while rich are the top 1% are parasites in the economy.