3 ms·
Predicting how bad it will get is possible, it's just apocalyptic thinking, which is frowned upon and dangerous. Like the whole paranoia bullshit thing about h
by daniel-cussen 4y ago
Predicting how bad it will get is possible, it's just apocalyptic thinking, which is frowned upon and dangerous. Like the whole paranoia bullshit thing about how paranoid people are inferior, or something I can't listen to such bullshit. Ties in nicely to making everyone buy and hold, value investors.
Well earlier this week I myself made a prediction this week there would two days were the market would fall, one down -2.9%, the other down -2.2%[1]. I told this to a friend who speculates. Telling him we should talk that day, Sunday, instead of later in the week, because after those shitstorm days he would have no fucking time. Just booked solid, bailing out shit from those storms.
I was wrong, there was one day down -4%, another down I think down -1%. So I was wrong. No one can predict how bad a market will get. At the same time, my speculator friend hasn't written back.
[1] Yeah I realize down -2.2% might be interpreted as a double negative. In other languages like French and Spanish, and African languages, negatives are emphasis. It's an English thing to say even number of negations is positive. Basically so the words in people's denials could be deformed into admissions. Making their defection defective. Obviously the way to express a market rise is "the stock market went up +2%." Note also the + symbol, very rarely seen.