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Almost everyone thinks a crash is coming. There has never been a crash where almost everyone has seen it coming. Therefore there will not be a crash at least in
by pfarnsworth 8y ago
Almost everyone thinks a crash is coming. There has never been a crash where almost everyone has seen it coming. Therefore there will not be a crash at least in the near future. Prices might pullback but it won't be a crash.
- api 8y agoBitcoin? Everyone saw that coming.
- pdelbarba 8y agoA perfect example, though it seems some here are somewhat butthurt :)
- polyomino 8y agoIn order for a market (that's reasonably distributed) to move in a direction, there needs to be some level of consensus. If everyone thinks there will be a crash, then there will be a crash, because everyone will sell.
- mattdeboard 8y agoIsn’t there some logical fallacy about believing that since something has never happened, it will never happen?
- thousandautumns 8y agoIt's called the Black Swan fallacy. Ironically, it's what happened with the recession and housing crisis in 2008, except back then it was "the housing market isn't a bubble, people will never default on their mortgages en masse".
- Latteland 8y agoBut everyone thinks there's a recession and crash coming now, don't they?