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I guess the lesson on macro now is when the Fed says it wants to cool inflation, market be damned, believe them. But in general I claim you cannot get close to
by porknubbins 4y ago
I guess the lesson on macro now is when the Fed says it wants to cool inflation, market be damned, believe them. But in general I claim you cannot get close to top bottoms consistently- because so much of the movement happens so fast now, you can get 10% in days or weeks and if you are out of position all your effort was for nothing. I’ve been trying for decades but would have been better taking the advice to put it in the SP500.