Change My Mind...
Updated: Jun 7, 2021
Is the market in a new paradigm? Have bitcoin and reddit changed the market forever? Some say yes: (2) Post | LinkedIn
I say: No. They. Have. Not.
What has been will be again; what has been done will be done again; there is nothing new under the sun.
Here is the Forbes Cover of 1998. Sound familiar?
It has been said the markets don’t repeat, but they certainly do rhyme. We are experiencing multiple speculative bubbles that will eventually deflate. Those trading with leverage will be punished, just as the tech traders were punished in 2001 and 2002. Bonus points if you can tell me which biblical book I quoted.
Robert Lloyds, CFA®
Chief Investment Officer
Lloyds Intrepid Wealth Management
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