[quote=Coronita][quote=The-Shoveler]I think the current Robinhood crowd ect… does have an advantage boomers did not during the 1999-2003 boom/bust as really big bubbles/crashes were not in recent memory as much as they are now.
So maybe they are better prepared than most think.[/quote]
Ha ha ha. Unlikely…. Number one reason people get burned? Greed and denial.
I think though this isn’t the big correction. I was checking some bay area companies that friends started or work at… out of 6 companies, 4 of them have filed to go public… So I think we are only in the second inning. All these companies will try to IPO over the next few months, and that in itself will drive another round of craziness.[/quote]
Or your friends’ companies are today’s version of pets dot com. Opportunists that took advantage of the feeding frenzy to cash in. That in itself may indicate the bust is around the corner.
Pets went from IPO at $11 to self liquidation in about 10 months.
