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Economy

Aussie105

(6,952 posts)

2. Fair enough.

Reply to Cattledog (Original post)

Sun Feb 23, 2025, 05:36 AM

Feb 23

S&P down 40%, Australian stocks down 20%, my retirement fund down 10%

Have had this unsettling feeling for a while - things were too good, stocks going up too fast, too much hot air, and the bubble would burst at some stage.

Not unexpected, in other words.

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Highlight:

Bank of America says growth stocks are in a bubble exceeding the 'dot-com' and 'nifty fifty' eras [View all] Cattledog Feb 23 OP

Warren Buffett agrees. He is getting out of stocks. SunSeeker Feb 23 #1

Fair enough. Aussie105 Feb 23 #2

On Friday I transferred my 401k funds to an IRA Martin Eden Feb 23 #3

Today's bubble has the advantage of 15 years QE1-2-3, Operation Twist, CARES Act, STIM, bucolic_frolic Feb 23 #4