I can't help but notice the similarities between the Bitcoin Crash we just saw and what happened to stocks in 1987.
You guys following me for a while know I'm not big on analogs. Every market environment is different.
But history does help us put together a roadmap. We're all humans in this endeavor after all. And that certainly doesn't change, even if we are talking about Crypto and not stocks, 2021 and not 1987.
For you guys who are new to markets I encourage you to study the past. Learn about prior cycles and what happened.
These are great lessons. I promise you.
The US Stock market was booming in the 1980s, after doing nothing for decades since topping out in the mid-1960s.
Stocks were rolling. They had meme stocks and reddit back then too. They were just called other things like Junk Bonds and Corporate Raiders.
In this podcast episode I sit down with one of my favorite technicians of all-time - John Roque. This is one of those people who influenced my thinking very early on. The combination of his simplicity along with sports analogies to describe market behavior made me a huge fan of his right away. This was about 15 years ago.
Since then, you'll here me throw out John Roqueisms all the time. I learned a lot from his way of thinking.
In this conversation we talk about the stock market, Gold, Bitcoin and Tech stocks. John also shares some fun stories about those who inspired him throughout his career and some of the things he’s learned more recently.