Wall Street goes 80s: same noise, new screens
A video by Patrick Boyle portrays the return of the stock market excesses of the 1980s: noise, greed and very little patience.
English · Original discussion in Spanish · Published
The classic image of Wall Street in the 1980s – cigar smoke, shoulder pads and adrenaline – is back in financial commentary. Financial educator Patrick Boyle sums it up in one phrase: "The biggest jungle of them all". His 40-minute video documents how noise, easy money and excess are once again dominating the room.
Nostalgia for power suits with shoulder pads mixes with references to the "sens, drugs and rock & roll" of an era when excess was the norm. But the interesting part is not the aesthetics, it's the interpretation some people make of it: this is not a flaw in the system, it's a antiestéticature.
Wall Street, back to the 80s where it matters?
Some argue the market is behaving like it did back then: sharp swings, herd behaviour and an almost irrational faith in rising prices. The expression "it's a antiestéticature" – a antiestéticature, not a bug – sums up that view: volatility is not a failure, it's part of the design.
The analysis closes with a warning: the same combination of greed and noise seen four decades ago usually ends badly. And the uncomfortable fact: the video that explains all this runs 40 minutes, exactly what someone looking for the definitive formula is not willing to invest.
Nostalgia for power suits with shoulder pads mixes with references to the "sens, drugs and rock & roll" of an era when excess was the norm. But the interesting part is not the aesthetics, it's the interpretation some people make of it: this is not a flaw in the system, it's a antiestéticature.
Wall Street, back to the 80s where it matters?
Some argue the market is behaving like it did back then: sharp swings, herd behaviour and an almost irrational faith in rising prices. The expression "it's a antiestéticature" – a antiestéticature, not a bug – sums up that view: volatility is not a failure, it's part of the design.
The analysis closes with a warning: the same combination of greed and noise seen four decades ago usually ends badly. And the uncomfortable fact: the video that explains all this runs 40 minutes, exactly what someone looking for the definitive formula is not willing to invest.
Also available in: Deutsch
Summary of a discussion on Burbuja.info - Foro de economía, actualidad y política., translated from Spanish and reviewed before publication. Read the full discussion (9 replies).
More summaries
-
GameStop and AMC: the retail revolt that won't die
The GameStop short squeeze cost hedge funds $19.75 billion, and the retail revolt lives on with AMC and eBay as the new battleground.
-
Fleeing Microsoft? The advice splitting investors in two
Azure keeps Microsoft afloat, but AI and Office are losing steam. Two camps clash: sell or buy?
-
HomeStreet: the stock aiming to break above $15
HomeStreet Bank merged with Mechanics Bancorp and posted record results. The stock is flirting with $16 and technical analysis points to a 4x move.
-
José Luis Cava's Market Correction Never Arrives
Cheap oil promised after Iran victory never materialized. José Luis Cava's predictions and video announce a correction that fails to happen.
-
BBVA offered €240 for paying in your salary online: the plan that ended in complaints
BBVA offered €240 for opening an online account with a salary paid in. Customers found access blocks, 15-day waits and a premium-rate 902 number that ate up the bonus.
-
Fenicio: 74% return in 2021 with a portfolio 34% in oil
A 28-year-old Spanish civil servant returned 74% in 2021 with 34% of his portfolio in Ring Energy. In 2022, YTD performance fell to -0%. His thesis, in detail.