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Surely others doing it is a perfect reason to do it. They pile in, market surges, you hop in and get lifted, and cash out before they do. Leaving aside the crit
by zasdffaa 4y ago
Surely others doing it is a perfect reason to do it. They pile in, market surges, you hop in and get lifted, and cash out before they do. Leaving aside the critical timing of that last step, it seems obviously right (for a short-term purely economics view)
- deleted 4y ago[deleted]
- zdkl 4y agoAnd that's how you get less informed private persons (ie. the public, ie. the "economy") over-leveraged on real-estate or junky assets holding the bag.
- zasdffaa 4y agoQuite so. I didn't say it was a good thing; read my parethesised affix.
- mym1990 4y agoIn theory sure, but it has been proven over and over and over that it is incredibly difficult to time the market and some people who do this will get burned. Also, people become incredibly greedy in these situations, they think they will be able to get out of the game but keep going back for more.