Before the tech bubble popped

I think I want to respond to this in a more general sense, since I was way too young to hear in real time the thoughts during the tech boom of the late 90s.

People look at past bubbles/bursts and want to be able to find that red flag this time.

Every recession comes for a different reason. But they are all preceded by observant, skeptical investors looking at each other saying, “Doesn’t this seem too good to be true?”

I think pretty much every post/comment on this sub in the last two months can be summed up that way. Doesn’t this seem too good to be true?

It does. Things seem impossibly sunny right now. If the Dow is to be believed, the economy is just about as healthy now as it was before Covid.

There are some geniuses who will get wealthy because they figured out the reason things appear sunny when skies are, in fact, gray.

Buy index funds. You almost certainly won’t figure out what is the most opportune time to buy the most opportune stock. But index funds will not let you down.

/r/investing Thread