The stock market is a weird place where you can see people losing their mind and basic rationality from time to time and repeat it again and again. It seems people will never learn the lesson of being crashed by chasing bubbles. We have seen this kind of epic bubbles being blown up and being burst and those chasing the bubbles being killed! It is truly a mania type of phenomenon that has been repeatedly played out again and again.....
We have seen dot.com mania, right? See the charts below for MSFT, INTC etc. Well, it was too long ago and it is reasonable to see people having long forgotten about them.
Then we have seen the gold mania just a few years back, right? Well it was still too long ago!
How about those mania in the past two years then: cannabis (TLRY), faked meat (BYND), and Bitcoin (GBTC)?
Anything different that while it was a fantastic feeling to chase highs for them, it all ended up with epic crashes, bringing those chasing them down to the earth?! People always think this time is different when they are chasing on something. But I'm 100% certain, this time is still the same! No difference whatsoever. It is just a matter of when, not if, the mania will implode, which could be life-threatening or even fatal for many! BE CAREFUL, folks!!!!!
No need to say further what I'm talking about. Yes, it is the Tesla mania still ongoing. Let's see if this time is different!!
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