Same here. I started investing in 98. Made boat loads of money right out of high school. New car, parties, general stupid shit..I drank more under 21 than I have since. I saw the bubble coming and bailed a few days after. I'm pretty good at predicting stocks and markets. You're right, when some random .com would IPO, it would skyrocket the next day. News would break on a company- soandso.com might be turn a profit in 10 years, then it would go up 300%. I knew that couldn't last. This downturn we're looking at 2000 stocks, 2008 housing, and 70's/80's inflation all in one. It's not going to be good.
Now that I know about options, I've shorted the shit out of this market and it's paying off nicely. All I own are commodities futures, puts in some tech stocks, S&P, and ahem...a couple pharmaceuticals if you know what I'm sayin.
Same here. I started investing in 98. Made boat loads of money right out of high school. New car, parties, general stupid shit..I drank more under 21 than I have since. I saw the bubble coming and bailed a few days after. I'm pretty good at predicting stocks and markets. You're right, when some random .com would IPO, it would skyrocket the next day. News would break on a company- soandso.com might be turn a profit in 10 years, then it would go up 300%. I knew that couldn't last. This downturn we're looking at 2000 stocks, 2008 housing, and 70's/80's inflation all in one. It's not going to be good.
Now that I know about options, I've shorted the shit out of this market and it's paying off nicely. All I own are commodities futures, puts in some tech stocks, S&P, and ahem...a couple pharmaceuticals if you know what I'm sayin.