3 ms·

If this were an obvious fact, wouldn't the market reflect that?

• halostatue 14y ago
  If the market were perfectly efficient—and we know it isn't—maybe. Wall Street is (IMO) a trailing rather than a leading indicator and is more indicative of a herd mentality than innovative thinking. But what do I know? I only have a few thousand dollars in mutual funds through an RRSP and don't do financial software development.
• snowwrestler 14y ago
  The market is eventually accurate when it comes to pricing, but the timing of when corrections happen can benefit some people more than others. So even if most people think the price is low right now, it still might be in their best interest to hold off on buying for a little while.