Joseph Moore

Doesn't matter.

Just keep buying.

And the more these buy orders flood into the market from index funds, the more it's starting to cause the elephant to run uphill.

and we know this we have the quantification on this we know that for every one dollar coming in three four even five dollars at times of value is being pushed up the market up market valuation and so the more we're all told to buy index funds the more we're kind of charging the stock market up no matter what if you look at all the craziness we've lived through the the the the should have been crashes and corrections that suddenly bounce right back to where they were and go higher

And everyone wonders, why does it keep bouncing back?

When is it going to correct?

Well, the index fund revolution is part of the reason it's not correcting because we're all continuously pouring in buy orders, whether it goes down or not.

And so that's the kind of change that happens in slow time right in front of you.

And you have to recognize that it's there.

For the time being, you'll probably be fine buying index funds, but there's going to come a time when those buy orders go away and they start to reverse in the other direction.

And that will be very interesting fast time to live through.

Yes.

I mean, we're literally living through that right now.

That's like the only reason.

I'm not trying to make it like the magic key that solves everything, but it is a part of the equation, and it's becoming a bigger part of the equation every single month.

Well, if I think you mean a bubble, it's perfectly valid as a bubble, and people have made and lost money in bubbles before.

But crypto is not the future, it is the past.

We have had self-issued currency in America before.

At the dawn of the Civil War, there were roughly 10,000 self-issued currencies, not by the government, by people, by local banks, by businesses.

Which means the advice you got about money in the 1800s was very different than the advice you get today.