When retail traders say a market crash is due, you know they are off by a mile. Since, October 2020, naysayers have been saying a market crash is due and have even suggested dates it would happen. "All of them wrong." The saying, "markets can remain irrational longer than, you can remain solvent" comes to mind. If you had done just the opposite and ignored the chicken littles, you would have made monies in the stock market. Eventually, one of you will be right. However, how much monies and trading opportunities are you willing to lose in the process? How many of you have lost monies shorting the stockmarket so far? Just be honest and tell the truth. Maybe, the reason you are promoting a market crash is you are short the stock market and trying to recoup some of your losses?
Market correction this year - ....observations.
- Thread starter themickey
- Start date
This year, history is probably not the teacher for now, since we never had so many crypto sucking out the liquidity. Every rich people I know and their uncle and nieces is diverting a larger and larger portion of their liquidity to crypto, while all the poors are just started to ask "so, what is dogecoin?" As we all know, the poors do not move the stock market.
It's not a fine line when you believe in a 40-60% crash and markets go up 40-60%.
get long. Don't short this thing lol. At least wait for 50k dow or something if you insist
