Australian Stock Market to Plunge as Low as 6,100 Points

We all know the saying that history repeats, yet when some mass event occurs we tend to think this time it will be different, which is even more prevalent in those who are younger or far less experienced. I say this because for centuries, the cycles of fear and greed in the stock market cause bubbles whether it is with individual stocks or markets and with every bubble there is the inevitable bust that leaves destruction and devastation in its wake.

In early 2018, the Bitcoin bubble exploded, yet only a few short weeks earlier the masses were saying this time it will be different. In the early 2000’s, when the end of the tech boom was approaching, we heard cries that the old economy was out, and the new economy was in, yet only a short time later the new economy was in ruin.

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