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| Everything at ath. Every dip getting immediately bought up. I think smart money is always afraid of a bubble especially when it’s largely a retail driven rally.
Warren buffet said of his buffet indicator when it gets above 100% that “that’s like playing with fire”. It’s currently at 230%.
It’s a measure of market cap to gdp
But the biggest rallies seem to happen right at the top and can go on for a number of years. like the 90’s where the massive rally thru 1999 created incredible gains. Smart money knows this. A lot of people know this. And it’s a game of hot potato imo and everyone thinks they’ll be able to jump off the ship right before it sinks. But just in case they miss time it, better buy some gold as a hedge | |
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The land price is correct because...
