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This is such a nonsense being pandered by people who make money on it. You, you can absolutely "time the market". You just can't do it exclusively based on the
by dpc_pw 7y ago
This is such a nonsense being pandered by people who make money on it.
You, you can absolutely "time the market". You just can't do it exclusively based on the chart. The real world is still there, and it's important, you know? And Stock Market and savings accounts are not the only investment instruments available to people. And you don't have to be all in or all out.
Maybe if you don't have time and skills to think about it, etc. then this makes you feel better about your "investments" because "there was nothing you could have done better". But it's still load of rubbish.
- heartbeats 7y agoAgreed. I read about the coronavirus and decided to pull some of my money out - that's probably earned me 10% so far.
- remote_phone 7y agoI read about coronavirus and bought puts when the market kept making new highs. I’m currently up $100k, with $80k already booked profits and riding the last $20k as a hedge against my new long positions. I also bought Gilead and Moderna and am up $15k and $5k, respectively. I believe we are near a short term bottom and will bounce in 1-2 weeks. Most of the bad news is out and I expect better news in the coming weeks (quarantine is working, remdesivir/chloroquine is effective). Then I predict after the short bounce that the economy is so damaged that we make new lows I’ve been timing the markets for 20+’years now. Just because some people can’t doesn’t mean that everyone can’t.
- empath75 7y agoI actually think the market is already somewhat pricing in the possibility of those drugs working, and that it will drop more after we find out it’s success is overblown.
- valuearb 7y agoI was playing blackjack and realized the market never split tens, so I started doing it and made thousands of dollars. Lesson: don’t pay attention to probabilities, math is just a scam successful players try to trick you with.
- lonelappde 7y agoHow is it possible that in 2 weeks we'll have news that quarantine is working? The general publicly isn't even taking it seriously yet. It'll be at least 2 weeks evem before testing capacity is ramped up enough to measure population-level success at quarantine
- remote_phone 7y agoItaly and the rest of Europe will be 4 weeks into their quarantine in 2 weeks. If we see results over the next week or two then the US markets will skyrocket because it means it will work here too.
- the_gastropod 7y ago> This is such a nonsense being pandered by people who make money on it. Are you suggesting there’s more money in the market of selling index funds than there is in the market of selling you the idea that you can beat the index? Because I’ve got news for you... > You, you can absolutely "time the market". You just can't do it exclusively based on the chart. The real world is still there, and it's important, you know? And Stock Market and savings accounts are not the only investment instruments available to people. And you don't have to be all in or all out. Maybe if you don't have time and skills to think about it, etc. then this makes you feel better about your "investments" because "there was nothing you could have done better". But it's still load of rubbish. There have been countless studies done about this, and countless fools who tricked themselves, like scratch off players and gambling addicts, who think they’re winning. It’s exceedingly uncommon for investors to beat the market over 10+ year periods.