Not that I am comparing myself to Stanley Druckenmiller but I think he might be suggesting a recovery.
https://www.zerohedge.com/markets/iv...-shaped-market
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Not that I am comparing myself to Stanley Druckenmiller but I think he might be suggesting a recovery.
https://www.zerohedge.com/markets/iv...-shaped-market
Its been great advice for the last decade or so. Sadly I am not good at taking advice.
Correct not an economic recovery but a financial market recovery that he was too cautious on. Bill English was on the money months ago when he suggested people might question why asset prices are high when everything else is not so hot. He was right about the asset price disconnect but wrong that people might question why this is. Young people who should be caring are more concerned about George Floyds murder. It is not even a NZ issue. That said central bank tomfoolery is an international issue.
Recovery? I couldn't put it better than this article at Zero Hedge...
https://www.zerohedge.com/markets/we...ng-goes-market
Always good to go back & read what you where thinking at the time.
Confirmation bias anyone?
Yes, that's a valid argument, but depends a lot on how active a trader you are, and whether you have access to short trading options ('scuse the pun).
For me it's not simply black/white, in or out of the market. I am not only long, and not only exposed to one sector or one market.
I'm also older, in 'capital preservation', rather than 'speculative' or even 'dollar-cost-average' mode, so if I can side-step a 20-30% drop in the markets, signalled by this seemingly irrational exuberance, I will.
For me, quick profits are secondary; asset protection comes first.