The market can stay...

Laissez Faire · Jul 13, 2019

...irrational longer than you can stay solvent.

Snuskpelle · Jul 13, 2019

I might redefine that as 'you can stay irrational longer than you can stay solvent'. :-)

Blaming the market for irrationality is in practice used as an excuse for being wrong. I am actually correct but the market isn't as right as me!

maxinger · Jul 13, 2019

Traders love irrational market. It gives great volatility and opportunities

Arnie · Jul 13, 2019

What's so irrational about it?

Rickshaw Man · Jul 13, 2019

maxinger said:
Traders love irrational market. It gives great volatility and opportunities

We are lacking volatility.

speedo · Jul 13, 2019

John Maynard Keynes

dozu888 · Jul 13, 2019

Laissez Faire said:
...irrational longer than you can stay solvent.

this is when people get butt hurt after missing the 10 year long rally and numerous chances to BTFD... so they have to suck on a pacifier and say to themselves - well, it will crash soon.

instead of doing the above, why not sit down and think it thru... it's not too late... the DOW next target is 40000.... get in, get rich... put up or shut up.

nooby_mcnoob · Jul 13, 2019

Soros says the market is often wrong but that doesn't matter.

dozu888 · Jul 13, 2019

nooby_mcnoob said:
Soros says the market is often wrong but that doesn't matter.

What is the market fair value right now? nobody knows. so technically the market is wrong all tge time.

Then there is the fact that the smart dumb money ratio is about 2:8. so with this much dumb money in the game. its even more impossible to get to the fair value.

nooby_mcnoob · Jul 13, 2019

dozu888 said:
What is the market fair value right now? nobody knows. so technically the market is wrong all tge time.

Then there is the fact that the smart dumb money ratio is about 2:8. so with this much dumb money in the game. its even more impossible to get to the fair value.

What is smart money?