Quoted from QuickSilverShelby:The "everything bubble" is popping. The main thing to take away from the "everything bubble" popping is that the air doesn't come out of the bubble instantly. The air comes out over time. The stock markets peaked in November, 2021 (13 months ago) and the real estate market peaked here in Canada 11 months ago. The new and used car market is on its way down, Bitcoin peaked at $67,567 in November 2021 and the high end sports car market is coming off too. There's too many examples to list.
When markets pop, it usually takes months or even years for the air to come out, but make no mistake, everything is cyclical and what goes up to ridiculous valuations, will certainly come down. Do you think pinball is the exception to the rule? Do you think the pinball tree is going to grow to the sky? Not a chance. The air will come out of the over inflated pinball market just as it is coming out of all the other over inflated markets and the US Fed's, Jerome Powell, is leading the charge to make it happen. You only get the big picture when you look in the rear view mirror and reflect back on it, you don't always see it or fully understand it while its happening.
Buckle up and hold on to your cash, there's gonna be some great deals coming down the pipe. Stocks, real estate, cars, trucks, pinball, what ever you want. It's all going to be on sale in late 2023 & 2024 so why not wait for the sale.
Mark my words.
QSS
Luxury car market and price of bitcoin are very much so related, imo... Cash is definitely king though. Especially now when you can get over 4% on your money risk-free while waiting for prices on all these items to come down!