My UPS driver just bragged about how he's killing it in LINK and
VET and putting ALL his money into crypto. Ummmm, ok...let me know
how that works out but at the moment those guys (and my kids) are
KICKING MY ASS!!!! FOMO is making me wanna puke!
That is a great example of the "shoeshine boy" indicator.
If you don't know about it, Joe Kennedy got out of the stock
market in 1928 because as he said (and I misquote) "when every shoe
shine boy, taxi driver, and doorman has a stock tip, it is time to
get out of the market." While it is probably a terrible
timing tool, it does indicate the party is close to ending. I
had some neophyte friends as me over lunch last week if I was
trading GameStop and if I had any good stock tips. Of course
I told them to stick to their plan if they had one.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
My UPS driver just bragged
If you don't have long term call options on gold, ...
Posted by profmel on 12th of Apr 2021 at 12:54 pm
My UPS driver just bragged about how he's killing it in LINK and VET and putting ALL his money into crypto. Ummmm, ok...let me know how that works out but at the moment those guys (and my kids) are KICKING MY ASS!!!! FOMO is making me wanna puke!
That is a great example
Posted by salieri on 12th of Apr 2021 at 04:11 pm
That is a great example of the "shoeshine boy" indicator. If you don't know about it, Joe Kennedy got out of the stock market in 1928 because as he said (and I misquote) "when every shoe shine boy, taxi driver, and doorman has a stock tip, it is time to get out of the market." While it is probably a terrible timing tool, it does indicate the party is close to ending. I had some neophyte friends as me over lunch last week if I was trading GameStop and if I had any good stock tips. Of course I told them to stick to their plan if they had one.