Unreal expectations
I see graphs like the one above and then I read quotes like “anyone who bought a year ago is sitting on a nearly 550% gain” and wonder if it doesn’t cause people to speculate when they should be investing. Note, the quote is also a lie. It assumes that anyone who bought a year ago is still holding the same quantity of that item. Certainly some of the buyers have already sold.
Are some people treating the markets like lotteries. Are the putting all their disposable income into Market/Lotteries? I feel like a lot of people are trying to get rich quick. I wonder who is pushing this get rich quick narrative.
I feel this is evil. It is going to be painful for the majority who fall for it.
TEK