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We're just as likely to have the fastest correction in the other direction any day now.
by thrill 7y ago
We're just as likely to have the fastest correction in the other direction any day now.
- m3kw9 7y agoThat’s how ppl lose money
- ogre_codes 7y agoThe operative phrase here is "Never try to catch a falling knife". https://www.investopedia.com/terms/f/fallingknife.asp https://www.investopedia.com/terms/f/fallingknife.asp You're right, it's likely we'll get a reversal before too long, but how deep this goes and how long it lasts is up in the air.
- AnimalMuppet 7y ago> ... up in the air. After the "falling knife" analogy, that phrase took on a whole new meaning...
- pontifier 7y agoI've just found that those knives can hit the floor hard and wedge themselves deep into a crack. If you come along at the right time, and pull with all your might, you can pull that knife right out of the ground like a sword from a stone and become a king... I'm doing that right now!
- all_blue_chucks 7y agoIt isn't called a correction when it goes up. This pandemic is almost certainly going to cause a global recession this year. The market will not return to all time highs quickly, but once a vaccine comes out you can expect a "relief rally."
- trengorilla 7y agoThat's one of the most ridiculous takes I've read in quite a while. There's no way the probability of the market starting rapid recovery in the next few weeks is 50%. Just wait until it's officially declared as a pandemic, which is almost certainly going to happen.