The crowd is seldom right. From John Wilder at wilderwealthywise.com:
“Can the stock market survive a nuclear holocaust? Yes, says our next guest, and he’ll tell us what stocks to buy and what to sell in the event of a thermonuclear exchange right after these messages.” – Head Office
Superman® won’t take Bitcoin as payment after dark. He avoids crypto night.
“Housing prices only go up.” I first heard that in the 1990’s when I was buying my first house. The realtor was quite clear that a house wasn’t just a house, it was an investment in the future. He had no idea what my kids could do with Sharpies®, hot sauce, and matches. And that was just the living room carpet.
“The dollar is as good as gold.” I haven’t heard that one used about the dollar in my lifetime, because the dollar hasn’t been backed by gold since August 15, 1971.
“The stock market is the place to put your money.” That’s still what people are saying.
One thing that I’ve found throughout my life is that, generally speaking, if everyone believes in it, it’s wrong. The major exception to this is physics, which explains gravity well enough that almost nobody can argue with it. I read a book on anti-gravity once – couldn’t put it down.