What can we learn from 1999 - Stocktrades Canada

I read in FT that the current speculation craze “is very markedly similar to what we saw in 1999 with these day traders and novice investors coming in and treating the market as a get-rich-quick type of scheme, and of course that didn’t end too well 20 years ago”

Can we learn anything from that, were there any symptoms before the withdrawal which in hindsight could be indicators of bubble burst?

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Asked on February 17, 2021 5:44 pm

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▲ 0 ▼ ✔	Private answer Good advice..I lived through 1999 ...2000. rail car loads are good indicator of what's coming for the economy. If the rail cars are up the economy six seven months from then will do good if the rail car loads are down the economy six seven months not so good. Marked as spam Posted by Mike Nicholson Answered on February 20, 2021 9:24 am
▲ 0 ▼ ✔	Private answer Mat and Dan - your rational and perspective are so well received. I agree with your philosophy. The core of one's investments should be founded on the real companies, ones with underlying value and solid performance. That said, one can have an amount set aside to speculate - but you shouldn't be betting your house or $$ that will be needed (retirement, emergency funds, etc). Thx for your wise advice! eric Marked as spam Posted by Eric Leclair Answered on February 18, 2021 8:19 am
▲ 0 ▼ ✔	Private answer To add to this - every market crash has been different, and each came suddenly. No market crash has been the same, and only 1 sector has outperformed the market in every crash - healthcare - but not by much. So while lessons can be learned, it is moreso around the concept of not overpaying for a promise to deliver well into the future. As Dan pointed out, you buy solid companies and you'll be just fine in the long run. A crash can be a scary thing, but it can also be an opportunity. Just look at what happened this past March. Marked as spam Posted by Mathieu Litalien Answered on February 17, 2021 7:47 pm

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