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Show HN: Isthisabearmarket.com
Hey HN! Here's a quick sideproject that I've been working on for the last week
The market downturn got me thinking about stock price APIs and how I could use them, overall I had a lot of fun writing this up
- Bostonian 4y agoUse of the present tense in the title "Is this a bear market?" is misleading. Just because stocks have fallen 20% does not mean they will continue falling, and making a new high does not mean they will continue rising. The financial press has stories about whether we are currently in a bear market based on the 20% rule, and I don't think the stories are helpful.
- mzharov 4y ago> Just because stocks have fallen 20% does not mean they will continue falling, and making a new high does not mean they will continue rising I agree with you that it's not a useful metric to inform any trading decisions, since the past performance leading up to the "bear market" isn't indicative of the future performance, but I find some joy in seeing the recovery and eventually the new peak. Essentially, this website is a nice visualization of that That's actually why the disclaimer is there too :p just to make sure no one takes it very seriously