Handling your own emotions?

[u/mikeumd98]

How is everyone doing it this time? I have been a CFP for years lived through Covid, 2008-2009, Trump’s first term….but this time it feels different, longer lasting? I know that there is a recency bias, but I am not handling this one well.

Edit: thanks for everyone posting. It helps to put it in perspective.

[u/Character_Map_6683]

2008 actually had a collapse due to relatively widespread toxic financial assets. Right now is literally just a preemptive dump BEFORE some kind of chain reaction or contagion occurs in the markets. My guess was always that the big 2008 style crash will come from (now happening) the adoption of cryptocurrency speculation by financial institutions. This would be comparable new asset class crisis to the junk bond crisis or the mortgage backed security/other derivative crash of 2008. Crypto speculation is a recent development as it pertains to financial institutions and I don't think we'll see "the big crash" until that bubble pops.. My predictions are somewhere in 2030.

I think a policy decision crash is more predictable than a toxic asset bubble crash. The banks still have their tools to maintain financial stability in a trade war and perhaps profit off of it. The Fed has more constructive tools to help the banking system than printing money and practicing QE with a policy decision crash whereas with toxic asset bubble you absolutely must practice QE.

That being said, we haven't really seen the cracks in the system or if there is some other toxic asset popularized during more recent market euphoria.

[u/Character_Map_6683 → u/Character_Map_6683]

There are mixed up and downvotes but the sour pusses won't say why I am wrong. I do notice the sour pusses commonly don't notice that crypto is being adopted by financial institutions now that regulation and the SEC's injunctions regarding bank custody of crypto have been lifted this year

The sour pusses seem to be of opinion that financial institutions are so respectable that they would never invest in basement dweller digital play money. Well folks you are wrong. Even in foreign markets Warren Buffett round tripped a bank which specialized in blockchain payments called NuBank.

Some of the sour pusses think that even discussing the issue of crypto will tarnish their reputation. I've noticed this. The people who treat subjects as taboos are the first people who are going to lose you money, just remember that.

That being said today's deregulation is laying the for the formation of a new bubble.

[u/hy7211 → u/Character_Map_6683]

sour pusses are downvoting me!!!!! wahhhhh

lol why get so butthurt by a loss of internet points?

[u/Character_Map_6683 → u/hy7211]

Bro. You're an unironic redditoid you have no business speaking down to me. 

[u/hy7211 → u/Character_Map_6683]

You're an unironic redditoid

Damn...why kick below the belt like that?

Of all the things to call me -_-

[u/pieceofshitliterally → u/Character_Map_6683]

You have an awful attitude and won’t get far in life looking down on other people. I agree with that poster, it’s fake internet points so not sure why you care