Another one of those catchy phrases that's taken off in the RUclips comments. We've been in a bull market for 10 years. As such any progress that's been made this decade should be mocked by forever bears
You said it. The chest pounding remains. People get defensive as they will push you aside stating their profits, so they must know what they are doing. I learned my lesson. I say others wiped out to nothing, losing everything.
“With low inflation, low unemployment, low interest rates, strong cooperate earnings, I would be a certifiable lunatic if I said the market is going to crash!”
"I would be a certifiable lunatic if I said the market was going to crash" … along with the 'BOOM' clothing style and loud talk … classic … that's great
Hahahaha , except the bears have been laughing every year for the past 10 years about how the markets going to crash tomorrow while the bulls are retiring with a decade worth of gains off the backs of google, amazon and Facebook..but yeah keep laughing
"This is a money machine, they're printing it like there's no tomorrow!" This is a genuine look into the irrational exuberance of a peak before a crash.
Most of these names weren't trading stocks anymore after the crash. A few other documentaries aired at the end of 2000-2001 questing all the stock analysis that go on TV and gave buy ratings to junk companies. Those guys left that job and got into real estate shortly after.
Pretty funny to see this guy driving around his Corvette believing he's a genius. He gambled in a casino where everyone won, for a time. I'd gamble that he lost everything when the market crashed.
And look at it now, 40k. Sometimes markets just work in cycles, bitcoin is going to stay for quite a while, just buy it while its cheap. Investment firms and institutions have bought in.
You'd be surprised. If you put 1000 into amazon in 1997 after their IPO you'd have more than 1m in your pocket today. It wasn't a slow rise after the crash either. They met their pre-bubble peak in stock price in less than 6 years. There was a lot of wreckage, but there was a lot of action after the crash too (obviously).
@@mgabrysSF I know your reply is three years old but I'm gonna reply anyway. The hardest part of owning a stock is not selling it. We don't have a crystal ball to see what it will be in ten years. When 5k turns into 10 or 20, very few will let it ride.
@@cory8080 There's a fun site that will compare what you paid for any apple tech vs buying their stock over the decades. It's quite depressing to know you deferred a million for an ipod purchase XD.
theglobe.com dudes have the same attitude and style as the tech guys of today ... No logos nothing flashy mark zuckerburg style.. Somebody must be urging them to behave this way.
I think they were genuine tech innovators that got dragged down with the crash. They should've pinned to something that could convert to hard dollars rather than online advertising which sunk for a few years after the crash.
Crypto is a bubble because look at all the companies that have popped because of it. Crypto itself may be good long term but there is a lot of speculation in companies related to it.
None of these guys are geniuses. I didn't know anything about stocks until the last 3 days and I can at least tell you that I know the typical responses to stock fluctuations and how to spot a bubble. Good luck, world. Buy low, sell high.
@ 6:19 Ed predicts the DJIA could correct to 7000 because it was overvalued as it neared 11K. In fact the DJIA Peaked at 11,750 on January 10th 2000, and did not bottom until 7197 around October 7th 2002. The market did not exceed the 2000 peak until May 2006.
8:40 "You've got to be a perverse to say the market is going to crash, it can correct, it can have a major correction, but with low inflation low unemployment low interest rates strong corporate earnings I would be a certifiable loonatic if I said the market was going to crash" Ouch that did not age well :) He means Nasdaq right? Dow went down 40% thought idk I would call that a crash anyway.
The parables of this to today are eerie - except those amateurs are now the ones on their smart phones buying cryptocurrency. Tell me time stamp 10:15 doesn't sound like everyone invested now.
For those commenting about the guy that said "I would be a certifiable lunatic if I said the market is going to crash!" keep in mind this was filmed in 1999. Within two years the federal government will raise interest rates to a near 10 year high, which will make a lot of these unprofitable tech startups crash
In fairness to a lot of these people, they weren't wrong. Yes the market crashed, but it also recovered and the world has never been the same. All these stock brokers job's have been replaced by computers. The entire industry is run by computers nowadays.
dpyxl "The Internet Money Machine (1999): The young and adventurous have never had it so good, thanks to the soaring value of the late 90s tech industry - so why are some people predicting a downturn?"
The '2000 market top was just over six months away by that point, followed by one of the most arduous bear markets in recent memory. As always, when everybody thinks the market will be doing great, it won't.
It's scary working for the dot com industry. If the stock went haywire? You lose your job. many lose their home/car/etc. I saw mansions in the bay area is totally empty. It's has been good 10 yrs, I still miss it nowadays.
Not a tech bubble but a bubble in ev stocks alternative energy and speculation and spacs and ipos. Every ipo is popping and fake companies skyrocket. Nio Li jumia fcel snowflake DoorDash etc
lol,i guess you could say now that the market will correct it self in a few months...a mayor correction is coming.. Stock are Ipoing once again with no product.
Once BTC and Crypto Crashes to powder we can have new documentaries. I think Michael Lewis should write the script with the director Aaron Sorkin. Inside a bubble its all greed, ego, and more. Not much clarity.
Sounds like cryptos lol My buddy created his own coin and now he’s got 3 millions worth usd lol I asked him what does it do He said nothing lol it’s just a coin
WHAT IS WRONG WITH YOU???? POSTING 1999 VIDEO IN 2015 ??? NOTHING IS SAME THE TECH AND THE PROCESSES ARE COMPLETELY DIFFERENT ETC NEXT TIME TRY WITH 1554 VIDEO
Everyone's a genius in a Bull Market
mmmmmmmm nice i like that cause all my dumb friends in the market have it "figured out"
What's your 2021 ytd p/l %?
Another one of those catchy phrases that's taken off in the RUclips comments. We've been in a bull market for 10 years. As such any progress that's been made this decade should be mocked by forever bears
and here we are again
You said it. The chest pounding remains. People get defensive as they will push you aside stating their profits, so they must know what they are doing. I learned my lesson. I say others wiped out to nothing, losing everything.
“With low inflation, low unemployment, low interest rates, strong cooperate earnings, I would be a certifiable lunatic if I said the market is going to crash!”
it did crash!!
The question is. Why interest rates was such at a low point at that time?
@@joaaomarcus it was and still is the FED
That today scares me to death inside,i have a stop los ready to cash all out and lemme tell you someday in the coming years it’s very plausible.
@@mohammedabdulmusawir4480 Get going with crypto's. It's the beginning of the internet for them.
"I would be a certifiable lunatic if I said the market was going to crash" … along with the 'BOOM' clothing style and loud talk … classic … that's great
If this wasn’t made in 1999, I would swear this is a parody! 🤣
Hahahaha , except the bears have been laughing every year for the past 10 years about how the markets going to crash tomorrow while the bulls are retiring with a decade worth of gains off the backs of google, amazon and Facebook..but yeah keep laughing
"This is a money machine, they're printing it like there's no tomorrow!"
This is a genuine look into the irrational exuberance of a peak before a crash.
Looks like what people says now .. before the bubble burst
Looks like what people says now .. before the bubble burst
Most of these names weren't trading stocks anymore after the crash. A few other documentaries aired at the end of 2000-2001 questing all the stock analysis that go on TV and gave buy ratings to junk companies. Those guys left that job and got into real estate shortly after.
Crazy seeing the WTC towers standing there.
Its actually crazy how much they dominated the skyline at the time. I mean, I knew they were tall but damn.
Pretty funny to see this guy driving around his Corvette believing he's a genius. He gambled in a casino where everyone won, for a time. I'd gamble that he lost everything when the market crashed.
Even a stopped clock is right twice a day. He of course takes credit for his luck which I would bet to say came to an end.
in a raging bull market of the 90's you can't lose.
r/wallstreetbets
@@exsxpx1 2020 is looking like a repeat
@@johnpersechini4951 And now the correction is in place.
"It's the gamblers job, sorry traders job" 😂😂
Oooff
This has strong "history echos" in 2020. Inexperienced retail investors using tech in an irrational bull market.
😬
*Cough* nkla to name one
If you base your investment decisions on Richard Quest's opinions, you deserve every bit of punishment that you get.
Sura Mbaya 😂😂😂😂😂😂
Johnny Quest
6:00 good call, it went down to exactly 7000 and then up to 14k a couple of years later than he said it'd be 15k
I miss those years, I was in college in 1996 and made 400k$ on the 15th of October on a single options trade of 350 Contracts of Netscape.
You still gamble with options ?
@@JC-qq9sw *trade
@@JC-qq9swdo you?
thanks God I did not watch this crap pre-crash
Who else is preparing for the crypto bubble?
its coming thats why im watching this.
No1
crypto will put the pin to the bubble
Pop
@@woolybugger1962 not anymore ;)
Guy at 00:09:00, pure GOLD.
I knew you would mean him. Lol
Super nice to watch now in 2021 before the next massive crash...
Yup its right around the corner... luckily I got in at the beginning
Yeah. Except you could have said that in 2009,2010, 2011 yada yada and will be saying it every year until eventually it's time for retirement
It’s okay guys NVDA to the moon and beyond
AI bubble is here
5:46 wow. this is what some people are saying about bitcoin right now.
And look at it now, 40k. Sometimes markets just work in cycles, bitcoin is going to stay for quite a while, just buy it while its cheap. Investment firms and institutions have bought in.
low inflation, low unemployment, low interest rate, strong corporate earnings.... does it sound similar to our current economy?
Yes....and they keep LYING by telling everybody: it's a correction!
exactly what I was thinking
Yes, but the bubble is not growing fast, is that good or bad?
@@kevinwu2040 I think that's disappointing today but will be glad for in the future
No
This guy moved back in with his parents after the crash.
You'd be surprised. If you put 1000 into amazon in 1997 after their IPO you'd have more than 1m in your pocket today. It wasn't a slow rise after the crash either. They met their pre-bubble peak in stock price in less than 6 years. There was a lot of wreckage, but there was a lot of action after the crash too (obviously).
LoL
@@mgabrysSF I know your reply is three years old but I'm gonna reply anyway. The hardest part of owning a stock is not selling it. We don't have a crystal ball to see what it will be in ten years. When 5k turns into 10 or 20, very few will let it ride.
@@cory8080 There's a fun site that will compare what you paid for any apple tech vs buying their stock over the decades. It's quite depressing to know you deferred a million for an ipod purchase XD.
19:48 this guy is a legend
"Got the girl. Got the money. Now I'm ready to live a disgusting, frivolous life."- Paternot dancing on a table at a trendy Manhattan night club
Who else is preparing for a stock market bubble in general?
Facebook was not even an idea at this point. This feels like ancient history but it was only 19 years ago.
No it feels like now, except it was 21 years ago
theglobe.com dudes have the same attitude and style as the tech guys of today ... No logos nothing flashy mark zuckerburg style.. Somebody must be urging them to behave this way.
I think they were genuine tech innovators that got dragged down with the crash. They should've pinned to something that could convert to hard dollars rather than online advertising which sunk for a few years after the crash.
From $3,000 to $500,000! That's easy in the markets but people tend to downplay stories like that. It's real life though.
Crypto is different thought. This time it's not a bubble, a cyber millionaire told me that a crypto millionaire told him.
Now it's the rush to fix scalability.
Crypto is a bubble because look at all the companies that have popped because of it. Crypto itself may be good long term but there is a lot of speculation in companies related to it.
I always thought it was obvious that guy at 9:04 was crazy.
None of these guys are geniuses. I didn't know anything about stocks until the last 3 days and I can at least tell you that I know the typical responses to stock fluctuations and how to spot a bubble. Good luck, world. Buy low, sell high.
Buy high, sell higher thats the greedy works
journey back in time, wow
from the time you saw that dive at 18:17, you should of sold all your shit
He should have had swimming lessons
@ 6:19 Ed predicts the DJIA could correct to 7000 because it was overvalued as it neared 11K. In fact the DJIA Peaked at 11,750 on January 10th 2000, and did not bottom until 7197 around October 7th 2002. The market did not exceed the 2000 peak until May 2006.
This sounds like it was made today....
Lol, it's worse in 2016. If 1999 was irrational exuberance, this is pure madness in 2016.
2016? Those were the days. Now DOW is 20% higher.
2017? Those were the days. The rides starting to get pretty bumpy here in 2019. :)
It's 2020 and the super moron bubble is still raging.
@@FiatBurner As long fed keeps printing money the bubble will increase.
Annnnd... COVID-19
8:40 "You've got to be a perverse to say the market is going to crash, it can correct, it can have a major correction, but with low inflation low unemployment low interest rates strong corporate earnings I would be a certifiable loonatic if I said the market was going to crash"
Ouch that did not age well :)
He means Nasdaq right? Dow went down 40% thought idk I would call that a crash anyway.
there's a big difference between a bubble in a specific sector and a systemic stock market crash. :P
you are a certified lunatic.
And then 9/11 happened. And the world was never the same.
And trillions of dollars suddenly missing, were just forgotten, and ignored!
Crash started before 9/11. 9/11 just accelerated it.
Thank you for sharing ❤
And now you've lost it all but $600. You got greedy, Martin!
It looks like the "Lunatics" are really the smart ones.
"Lehman Brothers posts record profits!"
5 seconds later
"I'd have to be a lunatic to say the market will crash!"
The parables of this to today are eerie - except those amateurs are now the ones on their smart phones buying cryptocurrency. Tell me time stamp 10:15 doesn't sound like everyone invested now.
We are here again with crypto. AWESOME! I can relive the 80's!
coming back to this for the impending recession
The money shot 8:41
That scene with Larry Wachtel at 19:48 is so great. Too bad that he lost trust in the Old Timers eventually and fell to the hype.
For those commenting about the guy that said "I would be a certifiable lunatic if I said the market is going to crash!" keep in mind this was filmed in 1999. Within two years the federal government will raise interest rates to a near 10 year high, which will make a lot of these unprofitable tech startups crash
In fairness to a lot of these people, they weren't wrong. Yes the market crashed, but it also recovered and the world has never been the same. All these stock brokers job's have been replaced by computers. The entire industry is run by computers nowadays.
6:00 Dr Ed there you are. Ugh I'm getting worried about now
CRT monitor is in for day traders... what year is this?!! 1994?
dpyxl "The Internet Money Machine (1999): The young and adventurous have never had it so good, thanks to the soaring value of the late 90s tech industry - so why are some people predicting a downturn?"
The '2000 market top was just over six months away by that point, followed by one of the most arduous bear markets in recent memory. As always, when everybody thinks the market will be doing great, it won't.
It's scary working for the dot com industry. If the stock went haywire? You lose your job. many lose their home/car/etc. I saw mansions in the bay area is totally empty. It's has been good 10 yrs, I still miss it nowadays.
Absolute slavery.... where does it get you...a whole load of stress and once you are earning you can’t stop until you lose it all...?
I wonder what happened to those day traders....
I was really interested in Scott Friedman cause he seemed pretty logical about it all.
2020: Tech Bubble 2.0
Not a tech bubble but a bubble in ev stocks alternative energy and speculation and spacs and ipos. Every ipo is popping and fake companies skyrocket. Nio Li jumia fcel snowflake DoorDash etc
@@johnpersechini4951 aren't those all considered tech?
When will the bubble burst ?
@@gardayustisia4528 It's 2024 and the bubble is still going strong.
at 3:30 when she said they are bypassing brokers and trading directly off the markets is when I lay off this video :)
First time I see Richard Quest... Talkin' of a bad impression ! Wow !
The Globe.com defunct 2008
10/10 dive just like the crash: 18:17
lol,i guess you could say now that the market will correct it self in a few months...a mayor correction is coming.. Stock are Ipoing once again with no product.
It’s happening again. Because of greed. Lots of money being made until the music stops.
What song is playing at 15:00 with the sick guitar lead?
Dow Jones 15,000 by 2005, today's figure is...25,717.74
30.000 says hi
33,800
40,000
I love these cheesy old 'flash' documentaries 😅
Once BTC and Crypto Crashes to powder we can have new documentaries. I think Michael Lewis should write the script with the director Aaron Sorkin. Inside a bubble its all greed, ego, and more. Not much clarity.
19:00 it was a bubble.
the slow mo at 9:25 was just dirty i need a shower after that
Wheres Scott Friedman today?
oh my god, this is exactly cryptocurrency lol
Yeah well were back to a bull market... I've made 5x so far
@@mattb6646 if you have made 5x so far, when will u sell
@@joro9960 Never sell! Go over the falls! LoL
scott friedman these days? clerks at wendys
Day trading back then would've been a gold mine.
8:42 oh my something seems worrying. Who is watching in 2024?
19:08 sounds familiar with crypto.....
9:15
lol
So much cocaine in this documentary
I mean I can't be the only one asking himself how many of those interviewed in the video invested in $ROPE some years after.
The globe went defunct in 2008
And now in 2020 they tell us again that technology will change everything
Damn, should have bought gold in 1998
TheGlobe was offered as $9 and slightly more than year after this TV show it was worth 10c. Hahaha.
I wonder if the CEO sold their shares before the collapse.
I knew when i see those con men at the dinner table they just doin a classic pump and dump.
And those two dopes believed there own bullshit, naw i bet they sold
Richard Quest
Medicine and pharmacy is best way to redirect medicare and va spending to high tech from waste stupid social policy
2:20 Bitcoin
Bitcoin is at $51k
And then the crash came!
F me...sounds like 2020
2021lol?
Ah the pure arrogance of humans
20:00
Micheal milkin is baaaack! Junk bond king
I just came cause my dad cracked a joke about this
19:48
I wonder what those TheGlobe.Com guys do now a days... even Oprah invited them to her show... LOL! And then site shut down... :-P
Weird doco
12:00
13:30
Tesla
this is some really old bullshit,,,,,,,,,can it !
just wanted to be 222th. comment
Sounds like cryptos lol
My buddy created his own coin and now he’s got 3 millions worth usd lol I asked him what does it do
He said nothing lol it’s just a coin
WHAT IS WRONG WITH YOU???? POSTING 1999 VIDEO IN 2015 ??? NOTHING IS SAME THE TECH AND THE PROCESSES ARE COMPLETELY DIFFERENT ETC NEXT TIME TRY WITH 1554 VIDEO
Wot
In 2005 the Dow was 10,500. A long cry from 15,000.
WOW !,,,,, I'M SO COOL & SMART IN MY BLUE VET, THAT IT MAKES ME "SHIT IN MY PANTS", BUT IT'S OK, I HAVE OTHERS !