What Are Your Moves Tomorrow - February 26, 2021

I have a friend that was really big on the internet in the late 1990s, would gush about how it was going to change our lives for the better and all that. It was infectious.

The dotcom bubble burst changed him and he become a permabear. He saw bubbles everywhere. In 2006 when he would talk about “the coming housing crises” I thought he was being paranoid but bot damn was he right. He was out of the market early 2008, but didn’t get back in tell well after the climb started back up, and every few years he would get super bearish again and didn’t time any of the other drops at all and I’m pretty sure if he had just left his money in SPY the whole time he would’ve been better off, even through 2008. I’m rambling... but anecdotally I can say it had a huge impact on one person I knew.

/r/wallstreetbetsOGs Thread Parent