Bubble boy 500 dollar12/2/2023 Unfortunately, while we know what goes up must come down, nobody knows exactly when this bubble will burst. Certainly it’s not a stretch to expect that when much of the Robinhood option trading contingent is forced to go back to work in an IRL office, they will find that investing in their careers will be more profitable than iron condors.Īnother indicator is the tilting of financial media stories from euphoria to despair. It seems that this is already happening. A Google search for “stock market bubble,” having had negligible traction for most of 2020, began to garner steam in the fall and is reaching maximum interest this month. And a sort-of glimpse at a future few of us ever expected to become the temporary norm.If you’re a follower of mainstream financial media, you’ve been watching the various talking heads battle out the stock market bubble narrative since the V-shaped market recovery this past spring. To both sides, as always, this time is different. In one corner, there is a story spun about how negative real interest rates and endless trillions entering the money supply will juice a recovery that will somehow exceed even the expectations baked into current valuations. In the other, there is no shortage of – in my view far more meaningful – financial and economic indicators to choose from that portend a bubble: corporate and government indebtedness at all-time highs, nosebleed Shiller P/E ratios, levitating VIX averages, the rise of SPACs, or what you would have to believe about Tesla’s future to justify its current valuation, namely, that it will one day sell the vast majority of cars in the world, and for that matter, anything with a battery.īut far more important, as most bubble historians would agree, are the behavioral indicators. The proverbial shoeshine boy with a stock tip in 1929, when web page views became the dominant valuation metric in 2001, “no-doc” mortgages in 2007, and now, r/wallstreetbets “loss porn” and my mother asking if she should buy Ethereum. Compared to something like Prince of Persia, though, it’s an eerily perceptive and oddly heartwarming weirdo treat. It’s no Brokeback Mountain, of course, nor is it on a par with a Zodiac or a Donnie. Whatever the creative disappointments that occurred on set, you do wish that Gyllenhaal would be a little more proud of it today. His initial vision was pretty much equal to Donnie Darko in its oddity.” “The director, Blair Hayes, is a really beautiful, creative, open, loving artist, and that was a case of a studio coming in and telling him he had to make a movie a particular way, and he lost his vision. “It was a different script ,” Gyllenhaal told Elle magazine in 2015, during a rare moment of levity on the press tour for his weepy drama Demolition. Gyllenhaal, otherwise ascending the Hollywood ladder, was likely glad to see the back of it. Bubble Boy would have also been long forgotten if not for his involvement – it opened at number 13 at the US box office in August 2001, and became one of the biggest flops of the year. But Gyllenhaal is also the most consistently likeable yet entirely un-fun actor of his generation, so it’s no real surprise. Gyllenhaal hasn’t spoken much of Bubble Boy, which has always had the reputation of being the rotten, decaying portrait in the attic when it comes to his two star-making roles in 2001.
0 Comments
Leave a Reply.AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |