WOW! A coherent and data-sourced perspective that doesn't have BS nonsense from a permabull or permabear perspective. Very refreshing!
When the market does cool-off or worse, it will of course be more exaggerated because of the silly, binary narrative of (nearly all) media and newbie investors with small accounts: This market only goes up, the market is forward looking, valuations don't matter because it's market-priced...
History tells us that markets always revert to sanity. We should learn to enjoy the ride up, while expecting the floor to drop the higher we get. It's always far more profitable to miss out on some upside to protect from a larger downside.
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Technically Speaking: Is The Narrative All “Priced In?”
WOW! A coherent and data-sourced perspective that doesn't have BS nonsense from a permabull or permabear perspective. Very refreshing!
When the market does cool-off or worse, it will of course be more exaggerated because of the silly, binary narrative of (nearly all) media and newbie investors with small accounts: This market only goes up, the market is forward looking, valuations don't matter because it's market-priced...
History tells us that markets always revert to sanity. We should learn to enjoy the ride up, while expecting the floor to drop the higher we get. It's always far more profitable to miss out on some upside to protect from a larger downside.