2 ms·
The market can stay irrational longer than you can stay solvent. Even if you can easily see the inevitable correction coming, it's difficult to say when it wil
by slavik81 12y ago
The market can stay irrational longer than you can stay solvent.
Even if you can easily see the inevitable correction coming, it's difficult to say when it will happen. A powder keg still needs a spark to take.
- FeepingCreature 12y agoI want to say "if you can't see when it'll come, you're not really predicting it", but that's too easy. I wonder if there's a way to "far-short" a stock. Like, if you think the stock in question will "eventually" go up to $1k, you can buy now and sell when it does. But if you think it'll "eventually" drop to $10, you can't easily trade on that, right? Maybe the way to go is to buy everything _but_ that stock (via overlapping index funds?), then sell once the stock drops to $10 and reevaluate from there? I don't know.