OO,
OK, let’s say I have thin skin, agreed. That is no reason to make things up. Perfect example the last couple of posts. The poster accuses me of being rude to another, while the poster I was curt with is free to continue to twist. A bit of a double standard. It all goes back to the narrative and don’t challenge the mantra “buy and hold.”
In regards to the market, when the real downdraft starts there will be no warning. The tendency will be to think that it is a dip, like all dips in this cycle, then stabilization, and another leg down. At this point investors decide to sell on the next up move, only to fall again. At the nadir many who have bought into the idea that “this time is different” will sell.Of course one can ignore human nature, the natural laws of finance, and simple logic, believing they are more nibble than the market.
I find some of the financial advertising and products to mirror the times. The silly nature of the do-it-yourself platform advertising. Add to that packaging of just about any combination of index or exchange traded fund to meet the growing consumer demand. Instead of being more cautious late cycle, investors are more brazen and cocky in their approach. Wall Street feeds the beast, and those that criticize the industry on this thread continue to feed the beast. Interesting psychology, and probably more so than anything else related to the markets.
I’ll remain thin skinned and continue to express my views.
Thanks for your rational and interesting posts.
Igy