4 ms·
Ten whole years—almost one market cycle...
by sk5t 8y ago
Ten whole years—almost one market cycle...
- friedman23 8y agoThis belief that market cycles are 10 years is the gamblers fallacy in action. Just because there is a "trend" of economic cycles occurring in 10 year periods doesn't mean the next one will occur 10 years after the last. Also the entire purpose of laws an regulations like Dodd Frank is to prevent debt bubbles. Whenever someone says that we are "Due" for a correction they are falling for the gambler's fallacy.
- sk5t 8y agoI agree--my comment was tongue-in-cheek. Whether there is or isn't a market cycle, these folks haven't been around long enough to see it.