Deja vu

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Written by
4 years ago

I was looking at the AAPL stock chart today (Apple Inc., you know - iPhone, Macs...) and I had a feeling of deja vu - I've see this somewhere before...

Can you guess where?

Then it struck me...

No, this is not the same chart, this is not even the stock market...

This is the chart of Bitcoin (BTC)...

Here's what happened next:

I think stock market (and maybe the whole global economy along with it) is in for a big surprise pretty soon... should be a pretty interesting test for real cryptocurrencies.

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4 years ago

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We are all waiting for that "big surprise" ... yes :)

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User's avatar marfonso
4 years ago

Wow

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User's avatar Airmaster
4 years ago

Bitcoin chart have more ups and downs than any chart in the world lol...

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User's avatar Arshad1214
4 years ago

I think most of stock will be linked with cryptocurrencies.

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User's avatar pataty69
4 years ago

Wow that's eerily similar.

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User's avatar Cain
4 years ago

For sure the BigTech companies are full of surprises. In spite of the fact I am not a fun of Apple Inc. the company is very strong. I don't think that Apple will face the crisis Bitcoin faced with in 2018.

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User's avatar cryptobearded
4 years ago

Well, the people are same everywhere. There's a thing called Shiller PE - the author got a Nobel Prize - it shows how "overvalued" or "undervalued" the stock market in the USA is - it should be around 15... if it's higher - usually it means that stock market is due for a correction. It's now at about 31...

The only time (in the whole US history) it was this high was before the dotcom crash. We're much higher now than we were even in 2008.

There are actually much smarter people agreeing that stock market is overvalued:

The people are same everywhere. They see a vertical raise of AAPL and stock market in general and they start FOMOing in.. at some point people would understand that everything is overvalued and start selling, then a panic sets in and it drops way below even the real value (which according to some analysts, at least for AAPL, is at least $100 lower than today).

I don't think that Apple will face the crisis Bitcoin faced with in 2018.

I'm actually not even talking about AAPL, I think everything is overvalued and due for a big correction. AAPL is big and strong, but at the same time a lot of its value comes from buying stocks back with (probably) borrowed cheap freshly printed money (the corporate debt is through the roof, the FED's balance sheet is through the roof)... to me that sounds like what Willy the MtGox bot was doing, but at a country scale...

(Not an economist, just my opinion)

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User's avatar Read.Cash
4 years ago

F for apple

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User's avatar elrikpiro
4 years ago

I was stuck on the comment section for about 2 mins, thinking what to say. Just "wow"

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User's avatar sjbuendia
4 years ago
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