Everyone's a genius in a Bull Market

@TheWaitingRoomTWR

3 жыл бұрын

mmmmmmmm nice i like that cause all my dumb friends in the market have it "figured out"

@andrews2438

2 жыл бұрын

What's your 2021 ytd p/l %?

@DragonZombie2000

2 жыл бұрын

Another one of those catchy phrases that's taken off in the KZread comments. We've been in a bull market for 10 years. As such any progress that's been made this decade should be mocked by forever bears

@matthewhammond859

2 жыл бұрын

and here we are again

@robertw477

2 жыл бұрын

You said it. The chest pounding remains. People get defensive as they will push you aside stating their profits, so they must know what they are doing. I learned my lesson. I say others wiped out to nothing, losing everything.

“With low inflation, low unemployment, low interest rates, strong cooperate earnings, I would be a certifiable lunatic if I said the market is going to crash!”

@alpark3024

4 жыл бұрын

it did crash!!

@joaaomarcus

3 жыл бұрын

The question is. Why interest rates was such at a low point at that time?

@GiveMeEyeballs

3 жыл бұрын

@@joaaomarcus it was and still is the FED

@mohammedabdulmusawir4480

3 жыл бұрын

That today scares me to death inside,i have a stop los ready to cash all out and lemme tell you someday in the coming years it’s very plausible.

@mb4lunch

2 жыл бұрын

@@mohammedabdulmusawir4480 Get going with crypto's. It's the beginning of the internet for them.

If this wasn’t made in 1999, I would swear this is a parody! 🤣

@DragonZombie2000

2 жыл бұрын

Hahahaha , except the bears have been laughing every year for the past 10 years about how the markets going to crash tomorrow while the bulls are retiring with a decade worth of gains off the backs of google, amazon and Facebook..but yeah keep laughing

"I would be a certifiable lunatic if I said the market was going to crash" … along with the 'BOOM' clothing style and loud talk … classic … that's great

Pretty funny to see this guy driving around his Corvette believing he's a genius. He gambled in a casino where everyone won, for a time. I'd gamble that he lost everything when the market crashed.

@jesusparedes208

8 жыл бұрын

Even a stopped clock is right twice a day. He of course takes credit for his luck which I would bet to say came to an end.

@exsxpx1

7 жыл бұрын

in a raging bull market of the 90's you can't lose.

@JC-qq9sw

3 жыл бұрын

r/wallstreetbets

@johnpersechini4951

3 жыл бұрын

@@exsxpx1 2020 is looking like a repeat

@PiroKUSS

Жыл бұрын

@@johnpersechini4951 And now the correction is in place.

"It's the gamblers job, sorry traders job" 😂😂

"This is a money machine, they're printing it like there's no tomorrow!" This is a genuine look into the irrational exuberance of a peak before a crash.

@gianlucatonolo7175

3 жыл бұрын

Looks like what people says now .. before the bubble burst

@gianlucatonolo7175

3 жыл бұрын

Looks like what people says now .. before the bubble burst

@kennyadvocat

4 ай бұрын

Most of these names weren't trading stocks anymore after the crash. A few other documentaries aired at the end of 2000-2001 questing all the stock analysis that go on TV and gave buy ratings to junk companies. Those guys left that job and got into real estate shortly after.

Crazy seeing the WTC towers standing there.

@TtobbaRevilo

4 жыл бұрын

Its actually crazy how much they dominated the skyline at the time. I mean, I knew they were tall but damn.

20+ years later and we're in the middle of the everything bubble. It'll make the dotcom bubble feel like a walk in the park. It will be ugly.

Oooff This has strong "history echos" in 2020. Inexperienced retail investors using tech in an irrational bull market. 😬

@williamwelch9426

3 жыл бұрын

*Cough* nkla to name one

If you base your investment decisions on Richard Quest's opinions, you deserve every bit of punishment that you get.

@dopemusic6414

6 жыл бұрын

Sura Mbaya 😂😂😂😂😂😂

@WALDENSOFTWARE

2 жыл бұрын

Johnny Quest

thanks God I did not watch this crap pre-crash

6:00 good call, it went down to exactly 7000 and then up to 14k a couple of years later than he said it'd be 15k

Who else is preparing for a stock market bubble in general?

I miss those years, I was in college in 1996 and made 400k$ on the 15th of October on a single options trade of 350 Contracts of Netscape.

@JC-qq9sw

3 жыл бұрын

You still gamble with options ?

@williamwelch9426

3 жыл бұрын

@@JC-qq9sw *trade

This guy moved back in with his parents after the crash.

@mgabrysSF

3 жыл бұрын

You'd be surprised. If you put 1000 into amazon in 1997 after their IPO you'd have more than 1m in your pocket today. It wasn't a slow rise after the crash either. They met their pre-bubble peak in stock price in less than 6 years. There was a lot of wreckage, but there was a lot of action after the crash too (obviously).

@muhammadsiddiqui2244

3 жыл бұрын

LoL

@cory8080

3 ай бұрын

@@mgabrysSF I know your reply is three years old but I'm gonna reply anyway. The hardest part of owning a stock is not selling it. We don't have a crystal ball to see what it will be in ten years. When 5k turns into 10 or 20, very few will let it ride.

@mgabrysSF

3 ай бұрын

@@cory8080 There's a fun site that will compare what you paid for any apple tech vs buying their stock over the decades. It's quite depressing to know you deferred a million for an ipod purchase XD.

Who else is preparing for the crypto bubble?

@abwelly

6 жыл бұрын

its coming thats why im watching this.

@Vivendiify

6 жыл бұрын

No1

@jigshech2278

5 жыл бұрын

crypto will put the pin to the bubble

@woolybugger1962

5 жыл бұрын

Pop

@TechnoVisionTV

4 жыл бұрын

@@woolybugger1962 not anymore ;)

"Lehman Brothers posts record profits!" 5 seconds later "I'd have to be a lunatic to say the market will crash!"

"Got the girl. Got the money. Now I'm ready to live a disgusting, frivolous life."- Paternot dancing on a table at a trendy Manhattan night club

From $3,000 to $500,000! That's easy in the markets but people tend to downplay stories like that. It's real life though.

Facebook was not even an idea at this point. This feels like ancient history but it was only 19 years ago.

@Chadhogan111

3 жыл бұрын

No it feels like now, except it was 21 years ago

5:46 wow. this is what some people are saying about bitcoin right now.

@mattb6646

3 жыл бұрын

And look at it now, 40k. Sometimes markets just work in cycles, bitcoin is going to stay for quite a while, just buy it while its cheap. Investment firms and institutions have bought in.

from the time you saw that dive at 18:17, you should of sold all your shit

Super nice to watch now in 2021 before the next massive crash...

@mattb6646

3 жыл бұрын

Yup its right around the corner... luckily I got in at the beginning

@DragonZombie2000

2 жыл бұрын

Yeah. Except you could have said that in 2009,2010, 2011 yada yada and will be saying it every year until eventually it's time for retirement

journey back in time, wow

low inflation, low unemployment, low interest rate, strong corporate earnings.... does it sound similar to our current economy?

@andis9076

5 жыл бұрын

Yes....and they keep LYING by telling everybody: it's a correction!

@pinellaspaversealingtraver5451

5 жыл бұрын

exactly what I was thinking

@kevinwu2040

5 жыл бұрын

Yes, but the bubble is not growing fast, is that good or bad?

@dulapeepsinmybedroom5611

4 жыл бұрын

@@kevinwu2040 I think that's disappointing today but will be glad for in the future

theglobe.com dudes have the same attitude and style as the tech guys of today ... No logos nothing flashy mark zuckerburg style.. Somebody must be urging them to behave this way.

@LitCircle

5 жыл бұрын

I think they were genuine tech innovators that got dragged down with the crash. They should've pinned to something that could convert to hard dollars rather than online advertising which sunk for a few years after the crash.

@ 6:19 Ed predicts the DJIA could correct to 7000 because it was overvalued as it neared 11K. In fact the DJIA Peaked at 11,750 on January 10th 2000, and did not bottom until 7197 around October 7th 2002. The market did not exceed the 2000 peak until May 2006.

None of these guys are geniuses. I didn't know anything about stocks until the last 3 days and I can at least tell you that I know the typical responses to stock fluctuations and how to spot a bubble. Good luck, world. Buy low, sell high.

@agapheputrasusilo741

4 жыл бұрын

Buy high, sell higher thats the greedy works

This sounds like it was made today....

Lol, it's worse in 2016. If 1999 was irrational exuberance, this is pure madness in 2016.

@vlada881

6 жыл бұрын

2016? Those were the days. Now DOW is 20% higher.

@johnthesavage381

5 жыл бұрын

2017? Those were the days. The rides starting to get pretty bumpy here in 2019. :)

@FiatBurner

4 жыл бұрын

It's 2020 and the super moron bubble is still raging.

@psyvatordarkpsy5284

4 жыл бұрын

@@FiatBurner As long fed keeps printing money the bubble will increase.

@landongendur

4 жыл бұрын

Annnnd... COVID-19

Crypto is different thought. This time it's not a bubble, a cyber millionaire told me that a crypto millionaire told him.

@b2ball6playa2

5 жыл бұрын

Now it's the rush to fix scalability.

@johnpersechini4951

3 жыл бұрын

Crypto is a bubble because look at all the companies that have popped because of it. Crypto itself may be good long term but there is a lot of speculation in companies related to it.

What song is playing at 15:00 with the sick guitar lead?

And now you've lost it all but $600. You got greedy, Martin!

It looks like the "Lunatics" are really the smart ones.

coming back to this for the impending recession

at 3:30 when she said they are bypassing brokers and trading directly off the markets is when I lay off this video :)

19:48 this guy is a legend

I always thought it was obvious that guy at 9:04 was crazy.

CRT monitor is in for day traders... what year is this?!! 1994?

@itrthho

9 жыл бұрын

dpyxl "The Internet Money Machine (1999): The young and adventurous have never had it so good, thanks to the soaring value of the late 90s tech industry - so why are some people predicting a downturn?"

First time I see Richard Quest... Talkin' of a bad impression ! Wow !

For those commenting about the guy that said "I would be a certifiable lunatic if I said the market is going to crash!" keep in mind this was filmed in 1999. Within two years the federal government will raise interest rates to a near 10 year high, which will make a lot of these unprofitable tech startups crash

9:15 lol

We are here again with crypto. AWESOME! I can relive the 80's!

And then 9/11 happened. And the world was never the same.

@Renwoxing13

7 жыл бұрын

And trillions of dollars suddenly missing, were just forgotten, and ignored!

@johnpersechini4951

3 жыл бұрын

Crash started before 9/11. 9/11 just accelerated it.

The money shot 8:41

It's scary working for the dot com industry. If the stock went haywire? You lose your job. many lose their home/car/etc. I saw mansions in the bay area is totally empty. It's has been good 10 yrs, I still miss it nowadays.

That scene with Larry Wachtel at 19:48 is so great. Too bad that he lost trust in the Old Timers eventually and fell to the hype.

the slow mo at 9:25 was just dirty i need a shower after that

The parables of this to today are eerie - except those amateurs are now the ones on their smart phones buying cryptocurrency. Tell me time stamp 10:15 doesn't sound like everyone invested now.

10/10 dive just like the crash: 18:17

8:40 "You've got to be a perverse to say the market is going to crash, it can correct, it can have a major correction, but with low inflation low unemployment low interest rates strong corporate earnings I would be a certifiable loonatic if I said the market was going to crash" Ouch that did not age well :) He means Nasdaq right? Dow went down 40% thought idk I would call that a crash anyway.

@Ivan1burnf4ces

5 жыл бұрын

there's a big difference between a bubble in a specific sector and a systemic stock market crash. :P

@alpark3024

4 жыл бұрын

you are a certified lunatic.

The Globe.com defunct 2008

So much cocaine in this documentary

In fairness to a lot of these people, they weren't wrong. Yes the market crashed, but it also recovered and the world has never been the same. All these stock brokers job's have been replaced by computers. The entire industry is run by computers nowadays.

2020: Tech Bubble 2.0

@johnpersechini4951

3 жыл бұрын

Not a tech bubble but a bubble in ev stocks alternative energy and speculation and spacs and ipos. Every ipo is popping and fake companies skyrocket. Nio Li jumia fcel snowflake DoorDash etc

@mzebari

3 жыл бұрын

@@johnpersechini4951 aren't those all considered tech?

@gardayustisia4528

2 жыл бұрын

When will the bubble burst ?

@derjansan9564

3 ай бұрын

@@gardayustisia4528 It's 2024 and the bubble is still going strong.

oh my god, this is exactly cryptocurrency lol

@mattb6646

3 жыл бұрын

Yeah well were back to a bull market... I've made 5x so far

@joro9960

3 жыл бұрын

@@mattb6646 if you have made 5x so far, when will u sell

@mb4lunch

2 жыл бұрын

@@joro9960 Never sell! Go over the falls! LoL

scott friedman these days? clerks at wendys

lol,i guess you could say now that the market will correct it self in a few months...a mayor correction is coming.. Stock are Ipoing once again with no product.

@johnpersechini4951

3 жыл бұрын

It’s happening again. Because of greed. Lots of money being made until the music stops.

19:48

Dow Jones 15,000 by 2005, today's figure is...25,717.74

@FaizanAhmad26

3 жыл бұрын

30.000 says hi

@Greg073

3 жыл бұрын

33,800

Wheres Scott Friedman today?

The globe went defunct in 2008

I wonder what happened to those day traders....

@cory8080

3 ай бұрын

I was really interested in Scott Friedman cause he seemed pretty logical about it all.

Once BTC and Crypto Crashes to powder we can have new documentaries. I think Michael Lewis should write the script with the director Aaron Sorkin. Inside a bubble its all greed, ego, and more. Not much clarity.

Damn, should have bought gold in 1998

20:00

Day trading back then would've been a gold mine.

TheGlobe was offered as $9 and slightly more than year after this TV show it was worth 10c. Hahaha.

@williamdieffenbach3264

3 жыл бұрын

I wonder if the CEO sold their shares before the collapse.

@mattgrele6318

3 жыл бұрын

I knew when i see those con men at the dinner table they just doin a classic pump and dump.

@mattgrele6318

3 жыл бұрын

And those two dopes believed there own bullshit, naw i bet they sold

19:00 it was a bubble.

2021lol?

I mean I can't be the only one asking himself how many of those interviewed in the video invested in $ROPE some years after.

Absolute slavery.... where does it get you...a whole load of stress and once you are earning you can’t stop until you lose it all...?

And now in 2020 they tell us again that technology will change everything

19:08 sounds familiar with crypto.....

F me...sounds like 2020

I just came cause my dad cracked a joke about this

Micheal milkin is baaaack! Junk bond king

And then the crash came!

Richard Quest

13:30

I wonder what those TheGlobe.Com guys do now a days... even Oprah invited them to her show... LOL! And then site shut down... :-P

Ah the pure arrogance of humans

2:20 Bitcoin

Bitcoin is at $51k

Weird doco

How incredibly fickle. History goes to show just how stupid humanity really is. Check out that Dr Ed Yardeni.. wrong on all counts. Pie in the sky.

@xMoTionzxx

6 ай бұрын

Are you sure? Look dow. He literally got the low, and called a 50% gain at 15k that was res.

Tesla

this is some really old bullshit,,,,,,,,,can it !

Sounds like cryptos lol My buddy created his own coin and now he’s got 3 millions worth usd lol I asked him what does it do He said nothing lol it’s just a coin

WHAT IS WRONG WITH YOU???? POSTING 1999 VIDEO IN 2015 ??? NOTHING IS SAME THE TECH AND THE PROCESSES ARE COMPLETELY DIFFERENT ETC NEXT TIME TRY WITH 1554 VIDEO

@moonboy5851

3 жыл бұрын

Wot

WOW !,,,,, I'M SO COOL & SMART IN MY BLUE VET, THAT IT MAKES ME "SHIT IN MY PANTS", BUT IT'S OK, I HAVE OTHERS !

12:00