Quote:
Originally Posted by Looch City
Wouldn't the number of internet users now vs 1999 have a big impact though?
The access to information, instant word of mouth, social media. I don't think you can directly compare this to 1999.
|
Internet isn't the great unknown, it's low fee/free trading apps that has added millions upon millions of new, young investors to the mix. When markets used to sit after a correction, our generation now buys and buys because we're excited to "buy low".
We've added so many uneducated, excited new traders to the market that weren't there before and experts are scrambling to figure out what it means to trends. Read an excellent article on it in the Economist, but it's behind a paywall...and I'm reading hundreds of economist articles a month, so probably couldn't find it anyways, lol.