Ryan Adams
👤 SpeakerAppearances Over Time
Podcast Appearances
You can't actually buy it, right?
You can own a little perp.
But it's private.
You get none of this until they go public and they IPO on retail, dump on retail.
So the question is, is all of this getting a little bit too frothy?
There are definitely some people who say yes.
So this is a tweet from Jason Goepfert.
Is that how you say his name?
Sure.
Okay.
He said, Okay, so two data points here.
Second day, the S&P closes record high with more than 4% of its stocks hitting 52-week lows.
And he says,
Anyone want to guess the only other time in 100 years this has happened?
And there's a book called 1929 by Andrew Ross Sorkin in the tweet.
Somebody is clearly being rational somewhere.
I feel like this is just maybe two data points that he found on 1929 that aren't up to today.
You can do a lot with two data points.
But, okay, there are other better, let's say, bear cases.
One is just like we know what's happening with U.S.