If market is forward looking, why does it ever go down?

Hate Warcraft but used to have Lan parties with the rest of them, you worked on i presume.

Did Armatracks C64 got paid back when i was 16 think it was code masters went under berore release, me and 1 mate, paradroid style shooter.

Much more fun, but games got huge needing huge teams, my graphics mate was doing Batman game until recently.


Chess ?
 
When you “played” games I was writing “serious” soft for financial firm. Haha

Most of those days playing games i was doing the same, when ever boss buggered red alert 2 or Serious
Sam 3d fps game over the old coax lan. Or after hours / weekend.
 
For the OP, there's a whole field of valuation methods based on discounted cash flow. If you do a little research on DCF valuation and how net present value works it will make sense in a macro sense. Note that in no way am I advocating for using DCF to determine if the market is priced correctly, it just broadly answers your underlying question if you understand how it works.
 
Understand the powers control everything. For instance 20 yrs ago wall street waited with bated breath for the semi equipment index monthly . It swung the mkt for yrs .Then one day i never heard about it again . The powers told us it doesn't matter .The $'s strong and weak at time's but both are always good for the mkt. Interest rates low are good because it means people can borrow money cheap but high rates are ok because it means the economy's strong. Weak earnings can be ok at times because it means they can only get better so lets buy now. The bear the est's no matter how lowballed they are is another scam. All the noise means nothing. The only thing that matters are they going up or down and trade them .
Twenty years ago was the height of the .com boom. The Semiconductor Manufacturing Index reflected on the fortunes of a significant percentage of the market by market cap because we were in a huge bubble of tech companies so they made up an outsized part of the total market's market cap. The .com crash happened, all that .com market cap disappeared and the relative impact of that index to the market as a whole declined significantly so it stopped having an outsized impact on the market. Just math really, no "powers" or any other crazy nefarious tinfoil hat BS, sorry.
 
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