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Market experts have been caught with their pants down many times before because of the actions of uninformed investors. In 1999, the rational move would be to
by mobjack 6y ago
Market experts have been caught with their pants down many times before because of the actions of uninformed investors.
In 1999, the rational move would be to short tech stocks as they were over valued, but those who tried it lost lots of money because they didn't factor in how crazy investors were at driving up the price.
You can technically be right but still end up losing everything.
- VectorLock 6y agoThis harkens back to the extremely worn threadbare quote "The market can stay irrational longer than you can stay solvent."