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In my experience we’ve hit bottom when everyone agrees we haven’t yet hit bottom. Which seems to be around now. In other words everyone who was going to sell ha
by jliptzin 4y ago
In my experience we’ve hit bottom when everyone agrees we haven’t yet hit bottom. Which seems to be around now. In other words everyone who was going to sell has already sold. Unless more surprise bad news comes out.
- nostrademons 4y agoIf everyone agreed we haven't yet hit bottom, we wouldn't be having this conversation. You just argued that we've hit bottom because everyone agrees we haven't yet hit bottom. It's like how on the cryptocurrency subs everyone's always debating whether we're in crypto-winter yet. Having been through 3 crypto boom/bust cycles, we aren't in crypto-winter, because people stop posting on r/cryptocurrency when it's real crypto-winter. It's the same with other markets: it's not about sentiment, it's about abandonment. When we're in a real bear market, everybody forgets about their stock portfolios and gets a real job because they need the money to survive.
- TimTheTinker 4y agoThat's assuming you can time the market based on what people are saying... which may work to predict short-term outlook but will have no bearing on what happens in the world next week (or month).