this post was submitted on 05 Jun 2024
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chapotraphouse
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i saw this graphical articulation of economic bubbles a long time ago, and i've thought about it a lot over the years. especially the peak moment / "New Paradigm" moment of maximum mass delusion, where it feels like everyone you see on the street is leveraging their entire ass to buy more securities and bragging about the infinite growing future.
this matches the first GME squeeze run nearly exactly