Bubbles force you to make an important decision. You either look like a fool before they pop or you look like a fool after they pop. That`s it. And why do I say you have to look like a fool before they pop? Because you are the guy saying it is a bubble, saying it is irrational and you are the one that is not buying the stocks and as the bubble gets bigger and bigger the people that spotted the bubble look like they are fools because they are out of the action, they are not making the money that everybody else is making.
Then of course, the bubble bursts and all the people that thought they were so smart, end up looking really foolish because they lost all their money.
Related stocks: Facebook (FB), Tesla Motors (TSLA), Netflix (NFLX), Twitter (TWTR), Amazon (AMZN), LinkedIn Corp (LNKD)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
- ► 2017 (188)
- ► 2016 (252)
- Monetary Policy: It Will Backfire
- U.S. Economy: A Gigantic Bubble
- The Federal Reserve Is Bluffing
- U.S. Economy: The Weakest Its Been Since The 2008 ...
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- Forex: The U.S. Dollar Has Been Drifting Lower
- A Bullish Case For Gold
- Fed`s Rate Hike Fantasies
- Federal Reserve: Walking On A Fine Line
- The Fed Will Only Raise Rates When They Are Forced...
- Commodities: When Will They Start Surging Again
- The Federal Reserve Is Even More Dovish Now
- The U.S. Economy Is Rapidly Decelerating
- U.S. Debt: Why The Federal Reserve Needs To Keep R...
- The Forex Markets Are Ignoring The Darkening Econo...
- Dollar Bulls Are Wrong
- The Stock Market Could Drop Precipitously From Her...
- Yellen Is Going To Have To Come Out
- U.S. Stocks Are Now Down YTD
- Stock Market: Now Good News Is Not Good News
- Nasdaq: A Key Reversal
- Early Signs Of A U.S. Recession?
- The U.S. Economy Has Never Been In Worse Shape
- The U.S. Economy Is Not Taking Off, It`s About To ...
- Will The Stock Market Be Cut In Half Again?
- Stock Market: In Bubbles You Have To Make An Impor...
- Stock Market: The Whole Market Is A Gigantic Bubbl...
- Nasdaq: We Have All These Artificial Props
- Nasdaq 5,000.
- U.S. Economy: Construction Spending Plunges
- Stock Market: Investor Delusion
- Investing: Nothing Looks Attractive In The U.S.
- Very Dangerous To Be Buying U.S. Stocks
- ▼ March (33)
- ► 2014 (429)