JustPanda said:
Same people have been saying since 2016 that the stock market was poised to crash. It's up like 130% since then and that includes Covid.
Timing a top is impossible. That said, many see the writing on the wall but fail to understand the complexity of markets and economic conditions, especially in the face of truly unprecedented financial conditions where looking back at history can only show you times that rhyme, like tomato and potato.. both can be round and can be the same size, but they are not the same. Observing and tasting one will not forecast what the other might look like or taste like, despite their similarities. Sure, the good times can always roll on. But if you aren't prepared for the bad times, then you are truly risking all the gains. Those who have shorted have been made to look stupid outside of relatively small blips here and there. At the same time, those who went long in January 2000 were wiped out and did not recover on an inflation adjusted basis until 2015. 15 years of nothing to show for their investment. Enjoy the good times.
“Give it hell Heinekandle, I’m enjoying it.”
- Farmer @ Johnsongrass, TX
“No secure borders, no alpha military, no energy independence, no leadership and most of all no mean tweets - this is the worst trade I’ve ever witnessed in my lifetime. ***Put that quote in your quote/signature section HeinendKandle*** LOL!”
- also Farmer @ Johnsongrass, TX (obviously in a worse mood)