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Just like 87
Originally Posted by Cuzzie
I got burnt back in 87 and it’s taken me all this time to get back into investing.
Welcome to the forum.
Some would say that current market conditions are very much like 87.
For example we are experiencing:
1. Elevated valuations in traditional stocks
2. New technologies that mean traditional valuation techniques to not matter for cloud companies
3. Heaps of new listing of stocks that don't make a profit
4. Many stocks have been invested in because they have a "story", rather than using meaningful financial analysis
5. Many new newbies on the forum
Call me old and crusty(I'm younger than you), but I think it will end like 87.
Best of luck
[Edit] Oiler's are definitely not in a bubble. Returns have been poor for years. Maybe you have found the bottom?
Last edited by noodles; 16-11-2013 at 08:30 PM.
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