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Bears have predicted 11 of the last 2 crashes, this isn't news
Nassim Nicholas Taleb, the author of the economics book, The Black Swan, had a great take on this. I'm paraphrasing but he was like how Economists can go in the news, make a prediction, and if they're wrong, nothing. But if they're right, they become a staple of business news and sell out all of their books. So financially, it's better to make a lot of predictions and hope to win the "I guess right" lottery.
Jesse Livermoore said “the markets act, and the papers look for the explanation.” It was true 100 years ago and it’s true now.
That's like me at the stop light trying to predict when it will change. "1, 2, 3... change".."1, 2, 3........change". "1, 2, 3 change" light changes. I feel smug in my elite ability to predict the change.
You’re very correct. The market is very much a predator and prey relationship, and the justifications afterwards are for the fans at home. I once saw the whole market tilt because one man (Bill Hwang) lost his leveraged multibillion dollar position.
Gonna keep contributing monthly like always.
The crazy thing about speculative economy is that by releasing this article, businessinsider might scare some of the investors and so create a self-fulfilling prophecy.
Shhh, it's exactly how stock is meant to work for them. Hype bubbles and "adjustments".
We’ve been due for a recession since 2020–the drastic pullback for several months at the onset of COVID was hardly a “recession,” more like a blip. I’ve finally stopped saying it’s imminently going to happen, which maybe means it’s going to happen now.
It's bad economics to dismiss a recession as if it didn't happen just because it wasn't as severe as you would like. Many recessions are mild and little more than a "blip", that's completely normal and ignoring them will only lead you to faulty conclusions about what is actually going on with the economy.
My comment was mostly intended as a joke (like me being bullish is going to make the market move in the other direction), but I do think that what happened in 2020 was artificially can-kicked down the road by unprecedented government intervention in the market. So it’s less of a “severe as I’d like” scenario and more of a “curtailed by massive global intervention in the economy.” Maybe that staved it off forever and we will have a soft landing? Possible, but I don’t think so.
I'm curious what makes this man an 'elite' stategist.
He has slightly better weapons and armor but if you do manage to take him down he does have more loot as well.
I feel like I should gauge people based on this system more often. I'm pretty sure I'm just a commoner with trash loot though
That means you got nothing to lose buddy. High five!
Ahh, Business Insider, the most eager place in the world to let managers talk their book and frame it as news.
I could also fart hard enough to reach orbit. I probably won’t… but I could.
I don't like anything about this but I can't decide whether the feet, the fart, or the shit stain on the couch cushion is the worst.
I just enjoy her facial expressions. Wish we got to see the "did something die in there" expression at the end of it all.
lol. Unprofitable companies are getting billion dollar IPOs and we are shocked at this prediction?