Quote:
Originally Posted by gustavo
Understand, but in my opinion, it's not a bubble if every/anyone says it is. Bubbles are always identified after the fact. So the more people saying bubble the less likely it will come to fruition.
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Really? Things rising parabolically isn't a bubble?
The Fed printing is what's keeping it all going. Low interest rates from their bond buying. Free money at the discount window. Buying bad mortgages from the banks. They're trying to borrow their way out of a long ongoing depression. Without welfare, Section 8, SNAP food cards, the homeless would be everywhere and there would be soup lines a mile long. Almost 50 million people are on food assistance, millions more in government housing.
It's a bubble...still growing...it's tulip mania. Until the first "whale" runs for the door...