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The March 2020 drop was from the pandemic lockdowns. In that moment, nobody knew that was a buy signal. Nobody knew then when economic activity would recover,
by vikingerik 3y ago
The March 2020 drop was from the pandemic lockdowns. In that moment, nobody knew that was a buy signal. Nobody knew then when economic activity would recover, if the pandemic would pass in two weeks or several months or many years.
- herval 3y ago"nobody knew" doesn't mean nobody acted. The rational actors that act only on information "everybody knows" are usually late to the game
- thakoppno 3y agoYou’re correct and the parent comment is too. Timing the market to some requires complete prescience. To others it may not.
- corey_moncure 3y agoFor every sell, there is a buy