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Politics : Formerly About Advanced Micro Devices
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To: Rarebird who wrote (1035826)10/31/2017 9:03:51 PM
From: RetiredNow  Read Replies (1) of 1573851
 
No, you don't need to explain Netflix or this decades crop of tech companies. I've lived through a few times just like this. The last tech boom was the Internet bubble, which didn't end well. Back then, they were saying the same thing about Cisco, Intel, and Microsoft. Cisco knew no upward limits, until it crashed. These things end. My gut tells me we're in the psychopathic blow-off top right now, where everyone says this will continue ad infinitum and that we're in a new normal.

We're in an everything bubble and that doesn't happen because of the technological prowess of the FAANG stocks. Those are great companies, but they are overvalued. When the Fed's tide goes out, the FAANG stockholders will be proven to have been swimming naked. I hope your charts warn you in time. It sounds like you are trying to invest dispassionately, so that's probably an advantage for you. Many I know are very biased in favor of the FAANGs and don't see the bubble they are in. Those are the ones I worry about. The easy money has already been made. These stocks will be cheaper. Those with cash will be able to find a better entry point.

The paltry potential gains from here simply don't justify the amazing risks of loss people are taking.
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