Comment by wonnage

Dan spent 7k words missing the forest for the trees

People had been calling a housing bubble since 2003. You quite literally need the market to do dumb things over a period of time before the bubble pops. Otherwise it’s not a bubble!

Actually making money on a bubble pop is another story and that does rely on timing. pointing at a history of failed market predictions as a gotcha is about as effective now as it would’ve been in 2003-2007 right up until the bubble popped

Right now it’s painfully obvious that there is a bubble, the circular financing is documented, the hype-driven valuations are real, it’s just a waiting game to see who holds the bag