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I tried to play this game before 2000 and it's amazing how often market can have an even steeper upturn before it finally crashes.
by maxxxxx 7y ago
I tried to play this game before 2000 and it's amazing how often market can have an even steeper upturn before it finally crashes.
- pmart123 7y agoSusquehanna made a killing during the dotcom crash by selling near-dated options and buying longer-dated options. Essentially, the majority of the market was pricing the dotcom crash to be very similar to the 1987 crash. Instead, it was closer to a slow bleed.
- TheOtherHobbes 7y agoThe flip side of "The markets can stay irrational..." is "Someone will probably get lucky anyway. But just because they did, doesn't mean you can learn anything useful from them."
- dralley 7y ago"The market can stay irrational longer than you can remain solvent"