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if it was so obvious why wouldnt every trillion dollar asset manager in the world just dump now to avoid the crash?

• MrYellowP 5y ago
  You'd just be ruining yourself, because the more you dump the lower the price goes. That'd not be a very smart strategy, wouldn't you agree? Selling is happening, slowly, so it's being bought up by everyone else who doesn't know better. Once the buyers know better things are going to go down much faster. Give it another week or two. Maybe a month. The dip below the bottom trendline of the S&P 500 is worrying and ignoring it is literally dumb.
  • ffggvv 5y ago
    not really. you'd rather get out with some money then get out with none after the crash. Look at what happened with the archegos stocks. GS front runned the others getting out and was unscathed. you'd expect at least some of the medium/small fish to be getting out. Such as hedge funds who manage funds in the billions. not saying i disagree that things are overvalued, but i think its basically impossible to predict if/when there will be a correction/crash. I thought things were overvalued in 2016 and they just kept going up. if you believe what youre saying you should 100x leverage up on a bet on the crash since its so certain.
    • MrYellowP 5y ago
      Yes really. There is no need to sell at all once for less, when you can sell it all over time for more. I don't leverage. I'm not greedy. Unlike most people I only care about having enough plus a bit. Leveraging and betting on market movement is for greedy people, of which I am not one. Just wait and thanks for your opinion.
      • hungryforcodes 5y ago
        > Leveraging and betting on market movement is for greedy people ...or skillful people.