OMGAWD......THE DOW IS UP 600 points......

[Warpy]

5. Anybody who tries to predict what a mob will do next

in the short term is asking for trouble, and what's going on the stock market right now is fueled by mob psychology,

It will be hilarious if a company named "Game Stop" that was overhyped by investors on Reddit is what starts a major collapse. Oh, I'll get nailed by it, but I'll still get a laugh out of it. I've always expected it to start in the derivatives casino by a few ridiculously fattened plutocrats who suddenly realize it's all based on air and wishful thinking.

I remember crazy shit like this in 1998 up to the 2000 fiasco, co-irkers giving each other hot tech startup tips. I sat on my hands, which turned out to be the smart thing to do. Who knew? That's the problem with this stuff, nobody knows until it's all over.

I think we're in for a wild couple of weeks. Other than that, dunno. Warnings are certainly out there. They just never mention the time scale, and if they do, they're wrong.