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There's always some indicator which yells that, I don't see any reason to believe this one over any of the other ones. There's been a consistent drumbeat since
by Godel_unicode 7y ago
There's always some indicator which yells that, I don't see any reason to believe this one over any of the other ones.
There's been a consistent drumbeat since the end of the great recession that "the next big drop is coming, just look at this chart!". Spoiler alert, they were all wrong.
- francisofascii 7y agoMost likely not wrong. Simply too early.
- Godel_unicode 7y agoThey were absolutely wrong. Their claim was that a specific line on a chart held deeper meaning, despite having no basis in science. They were totally incorrect. Don't let these charlatans off the hook, they largely have no idea how the market works.