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Exactly. People who make fortunes off these markets are selling. Either they're wrong or posters here are. Guess which option is more likely. I think the LessW
by AngryParsley 16y ago
Exactly. People who make fortunes off these markets are selling. Either they're wrong or posters here are. Guess which option is more likely.
I think the LessWrong post Markets are Anti-Inductive explains it well: http://lesswrong.com/lw/yv/markets_are_antiinductive/ http://lesswrong.com/lw/yv/markets_are_antiinductive/
- msbarnett 16y agoWell, it's recovered about 400 points since this was posted, so the professionals seem to have decided they were deeply into buy territory, too.
- jarek 16y agoOr this is just the optimists and opportunists buying in before it crashes again. :D
- mootothemax 16y agoExactly. People who make fortunes off these markets are selling. Only half of them are selling; you can't sell unless you can find someone who'll buy at the price you want ;)