It's been a long time since I posted.
Just felt like it cos... well it's a worthy time to post something.A lot of seasoned investors know of the story of the shoeshine boy...
Legend has it that...
The story took place in 1929 : Joseph Patrick "Joe" Kennedy, Sr. JFK's father, claimed that he knew it was time to get out of the stock market when he got investment tips from a shoeshine boy. On that moment Joe Kennedy had the intuition that we were at the end of the bull market and subsequently he decided to short the market and became .. multi-millionaire ! Ever since, the shoeshine boy has been the metaphor for "time to get out"; for the end of the mania phase in which everyone, even the shoeshine boy, wants in. https://www.4investors.eu/post/the-shoeshine-boy-indicator
And so... I saw this maybe 6-12 months back...
People who shouldn't be talking about markets, crypto, NFT, etc...
...
