Is the current market highly overvalued? Crash coming?
Alright boys lets get down to business. When is this party going to stop? You know goddamn well I love what big daddy Trump has done with the market but the stats from this current period compare strongly to the .com bubble. What do you guys think? I think banks will be good bc of low interest rates and Trump's tax policy but what other areas of the market would you expect to see decline?
Definitely. There needs to be a correction soon.
There's so much crazy shit going on right now it's making me feel stupid. Some of my favorites from this week alone:
-Got on the phone with a lender that had threatened to pull a LoC we have with them. Literally just told them why we feel good about the business and they gave us improved terms instead. Asked 0 questions about the numbers.
-Talked to another lender today that we have a few revolvers with across the portfolio and he admitted they have no real strategy when it comes to defaults. This co is a unicorn. They are also giving us tons of data we shouldn't have among other things to keep us there.
-Routinely meeting room temp IQ founders that are funded well and at ridiculous valuations...
-On that note...It's also incredibly fucking annoying to win deals ATM when I feel like every other autistic kid is running around with a "Bid that fucker up" hammer.
Anyways, all of this reminds me of when I was younger and would think to myself how amazing it would have been to be one of the people profiting massively off stupidity at the time. 100% guilty of doing it now, cheap non-recourse debt =![]()
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I'm ready.