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Or you could look at it the other way, why in the world was +10% up from here the "right number" as to its value. Try to justify that first before questioning
by rmrm 7y ago
Or you could look at it the other way, why in the world was +10% up from here the "right number" as to its value. Try to justify that first before questioning the contraction.
- asdfasgasdgasdg 7y agoWell, sure. It's just that large, fast reactions to relatively sudden events seem harder to justify than large slow reactions to continual events, at least when it comes to an investment with a long timescale.
- unforeseen9991 7y agoCorrect Also with 80%+ of all trading being algo, they are chasing each other to the bottom. The actual valuations might have been high anyway, but not to justify this. We are likely going to hit one hell of a bounce once it does find the bottom.
- perl4ever 7y agoOr, why do we think the value of everything is known to a precision of less than 10%? Maybe both prices are equally accurate.