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Why is this even trending? The author has been calling for a market meltdown/crash for the past decade. Now stocks are 10% from the ATH and he's celebrating. Th
by partiallypro 8y ago
Why is this even trending? The author has been calling for a market meltdown/crash for the past decade. Now stocks are 10% from the ATH and he's celebrating. These people are shysters, that's why you should only read things like ZeroHedge for entertainment rather than investment advice.
Example: He said in 2013 stocks were going to "crater"
https://safehaven.com/article/28874/warning-stocks-likely-to-crater-from-here https://safehaven.com/article/28874/warning-stocks-likely-to...
If you'd have listened to him, you'd be down...a lot.
- mjevans 8y agoIt's trending because we believe in the fear; monetary systems aren't rational and prices seem to be entirely made up rather than reflecting the actual value or cost of a thing.
- partiallypro 8y agoHuh, it's almost like there's a subjective value, one might even call it a subjective theory of value. Crazy. I bet this hasn't been thought about for literally thousands of years. https://en.wikipedia.org/wiki/Paradox_of_value https://en.wikipedia.org/wiki/Paradox_of_value Anyhow, it's much much easier to be negative than to be positive, especially when the market (hell even life) is in a slight downtrend.