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An expensive prediction. Sure, they are now right, but the index grew from 4250 at the time of that article to over 5000 before this latest crash. Anyone shorti
by joosters 11y ago
An expensive prediction. Sure, they are now right, but the index grew from 4250 at the time of that article to over 5000 before this latest crash. Anyone shorting the market on their prediction would have most likely been wiped out before they could make a profit.
Calling the top of a market is difficult, and to be fair, the Economist hasn't done too badly here. However, you've got to call the bottom too. Will the Economist be able to say if the current market price is now 'correct' or not? Has the bubble burst or is there more to go?