The fatigue is that everyone keeps telling everyone will crash and it cannot last, for a what, a decade now? But especially the last few years. And then it just doesn't happen. Crypto will crash, gold cannot last, S&P is overheated etc and yet everything I have and other people have is going straight up. It has to go down, but at least when people said in 1998 a bubble is coming and will crash, it only took 2-3 years for it to blow up. Now it just goes and goes and goes. I think that gives fatique. I am spread, including local real estate and companies, but I missed a lot of money listening to people (and my own feelings) to think we were too high. Everything has to actually crash very hard to still not make a good profit and that it won't, at least not when we don't see it coming.
I guess what's happening ever since the housing market bust is that virtually all asset classes are guaranteed to appreciate at rates that outpace inflation, a guarantee paid for largely by workers whose real wages decrease due to inflation.
You would think "that can't go on forever" but so far workers have failed to organize or support reforms that could correct it. The "hack" to maintain this in perpetuity seems to be distracting workers with get rich quick gambling schemes and culture war xenophobia.
That is fair. I think you are onto something. I did miss out on some things as well, because I played very conservatively ( and at this point I am not that willing to change much ). Still, my own house appreciated a ridiculous amount. I see other assets appreciate as well ( just not as dramatically ).. I don't know how it can stay at these levels without some major re-alignment.
I think this is overall fair/accurate in terms of crash fatigue, but crypto has crashed by 85+% multiple times in the last decade. I'm not sure that's the best proof point in this list of things that don't actually happen.
I am not fan of crypto and dont hold any, not by reference (etfs etc) either, however, all the crypto fans that told me to buy and hodl did win the jackpot so far. But I agree, not the best example for not crashing: I was just, in the particular case of crypto, referring to that many believe(d) it would drop to 0 and dissappear: in case of bitcoin: did not come close in the past 10 years.
there are always people predicting the next crash. when in the bottom of a crash they are saying things will go lower.
you have to be careful about predictions in financial areas.
Remember if people are guarenteed right they would be investing money. In most cases talking about a truth will cause the market to change harming your ability to capitalize on it. Thus anyone talking is unlikely to have insight.
