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What is increasing S&P value other than the crowd willing to walk a little further out on the gangplank? I'd say it's a little too early to call that bet. (pe
by codecamper 9y ago
What is increasing S&P value other than the crowd willing to walk a little further out on the gangplank?
I'd say it's a little too early to call that bet.
(people can vote this one down as much as they want. The reality is that is the only thing making the value go up now.. just more people crowding into the same trade. Watch out when the crowd changes its mind)
- icebraining 9y agoThe bet was started right at the peak before the 2008 fall. It still own. One can of course win any bet by stopping it when it's convenient, but that doesn't make it a very good bet, which is why a fixed period is used.