![]() She highlights that these kinds of markets do not benefit the average person at all and reminds investors of an important thing to always consider - the stock market is not the economy. See: 9 Safe Investments With the Highest Returnsįind: How Much $1,000 Would Be Worth If You Invested In These Pandemic-Winning Stocks 1 Year Ago Because that money will sit untouched for decades, Orman recommends buying low to maximize your investment “over the next 20, 30 or 40 years.” What good is that going to do you?” she asked, pointing out that the average person only invests any extra money they have into their 401(k) or IRA. “All you want is for these markets to go up and up and up. “All of you have your heads screwed on backwards,” Orman told CNBC. See: If You Invested $5,000 in These Stocks During the Crash in March, You’d Be Richįind: The New Tech Bubble - Beware the Unprofitable Tech Stock In addition, inflationary pressures have been affecting commodity markets, but interest rates have remained low to influence economic recovery. Indeed, the stock market has seen unprecedented rises this year, even though the pandemic pushed unemployment to levels higher than during some recessions. “I don’t like what I see happening in the market right now … The economy has been horrible, but the stock market has been going,” she said in a video for CNBC, as reported by MoneyWise. ![]() Suze Orman, a personal finance media personality, has also weighed in on the issue. “We’re living in history through something that’s as bizarre as tulip mania. “People think, ‘Well that’s perfectly rational to pay $600,000 for a pop-tart meme,'” Toews told Business Insider. See: 16 Warning Signs of a Stock Market Meltdownįind: 20 Unforgettable Photos From the Stock Market’s Biggest Crashes He referenced the recent sale of a 2011 digital rendition of the Nyan Cat, which has a Pop-Tart for a torso, that sold for about $590,000 in an online auction last week. ![]() Toews pointed out a similarity to current over-valuations, particularly for “Pop-Tart” memes. Clearly overvalued, prices eventually sank sharply, and the bubble burst. ![]() In the 1600s, the prices of exotic tulip bulbs soared to today’s equivalent of hundreds of thousands of dollars. Tulip mania was one of the most famous market bubbles of all time. In a conversation with Business Insider, Toews Asset Management CEO and founder Phil Toews likened the absurdity of the current market to tulip bulb mania in the Netherlands. See: Bank of America Issues Warning About Potential Stock Market Bubbleįind: How to Grow Your Money Safely During the Next Downturn Record stock market highs and unprecedented housing prices have led to financial experts sounding the alarm on an imminent downturn. ![]()
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