Curious where you guys/gals land on this-
At my young age of 31, I have been aware of 3 boom/ bust cycles
1. tech- herd ran, fundamentals were not there, herd got screwed.
2. R.E.- herd ran in, fundamentals ran out, herd got screwed
3. commodity circa 2008- remember the headlines? Gas will reach $5/gallon by year end! etc. etc. and the herd locked oil prices, and bought oil futures (mind you this was a smaller herd, but a herd none the less), and the herd got slaughtered.
Now, I am seeing headlines, gold will reach $2000/ ounce or something like that, and dollar is collapsing etc. This issue here is, the fundamentals seem to agree with the herd this time, but is the herd ever right?
My gut says, herd is never right, too many headlines, must go the other way. My read on the fundamentals of the dollar is, herd is right this time, go with the herd, it is just starting to run.
What are your thoughts?
At my young age of 31, I have been aware of 3 boom/ bust cycles
1. tech- herd ran, fundamentals were not there, herd got screwed.
2. R.E.- herd ran in, fundamentals ran out, herd got screwed
3. commodity circa 2008- remember the headlines? Gas will reach $5/gallon by year end! etc. etc. and the herd locked oil prices, and bought oil futures (mind you this was a smaller herd, but a herd none the less), and the herd got slaughtered.
Now, I am seeing headlines, gold will reach $2000/ ounce or something like that, and dollar is collapsing etc. This issue here is, the fundamentals seem to agree with the herd this time, but is the herd ever right?
My gut says, herd is never right, too many headlines, must go the other way. My read on the fundamentals of the dollar is, herd is right this time, go with the herd, it is just starting to run.
What are your thoughts?
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Access Restricted: Unlock 1,000,000+ Posts
Stop Peeking Through the Keyhole.
Open the Door.
You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.
- Active Daily: Life-changing content posted dozens of times every day. No dead threads.
- MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
- Vetted Network: Connect with founders scaling to 7 and 8 figures.
- Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."— User Richard Peck
"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?
