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Not for me. When this kind of crisis hit a bottom it plateaus there for a while and doesn't suddenly spike up 30%. In fact, in that graph the top curve follows
by alecco 18y ago
Not for me. When this kind of crisis hit a bottom it plateaus there for a while and doesn't suddenly spike up 30%. In fact, in that graph the top curve follows the bottom curve, except the last bit. Based on that they should predict dividends will collapse soon dramatically.
They either didn't base their argument well or are completely delusional and can't read their own graphs.
And this current crisis is all about prediction based on past data can be plain wrong. See: http://news.ycombinator.com/item?id=360412 http://news.ycombinator.com/item?id=360412 The End of Wall
Street (HN main page today. Beware it is very long!)
- fauigerzigerk 18y agoOh the market does spike. Just look at the recent month. You just don't know in which direction and whether a further leg down is in the cards. At the end of the day market timing is a game that makes the end of your day come so much quicker, and I'm asking myself, what have I achieved in terms of innovation? Unless you do it algorithmically, it's incredibly boring, but once you have started it's hard to stop. Market timing is an addiction :-|