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Anyone can predict there will be an inevitable downturn in the future. In fact most people think there will be one for sure. it could be 10,20, or 100 years dow
by AznHisoka 9y ago
Anyone can predict there will be an inevitable downturn in the future. In fact most people think there will be one for sure. it could be 10,20, or 100 years down the line.
But if you arent predicting when, your prediction isnt very credible.
- seanmcdirmid 9y ago> But if you arent predicting when, your prediction isnt very credible. It is the exact opposite: if you are actually predicting "when", then your prediction isn't very credible. Perhaps you meant useful instead? Anyways, all we can do is watch external forces. When will the Chinese asset bubble pop? When will the fed raise interest rates? If those things happen, will that take other markets down with it?
- Analemma_ 9y agoI would say it’s both (or neither): if you are always predicting disaster, then your predictions are neither useful nor credible, since you will be wrong most of the time as the long-term trend of the market is upward.
- seanmcdirmid 9y agoThe chance of a crash sometime in the future is 100%. That is credible. Those predictions are completely credible for what most people take as credible, they just aren’t very useful. Markets that rise just because of inflation and population growth aren’t necessarily healthy in the long term. The current great consistent performance of index funds suggests something is up.