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.
- ► 2016 (252)
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- The Federal Reserve Is Even More Dovish Now
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- Dollar Bulls Are Wrong
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- Yellen Is Going To Have To Come Out
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- Nasdaq: A Key Reversal
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- Will The Stock Market Be Cut In Half Again?
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- Nasdaq: We Have All These Artificial Props
- Nasdaq 5,000.
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- ▼ March (33)
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