On a red week the forum is full of top posts that say “duh this was overdue to happen” followed by a green week where all the top posts say “duh this is the greatest bull run in history.”
I'm just pointing out that most of what this sub has is confirmation bias which does have it's place and helps with the emotional circus of the stock market. Just remember it's not any better then “the goons at CNBC.” I can give you just as many reasons for the S&P to be up 3% tomorrow as I can for it to be down 3% tomorrow.
NOBODY ACTUALLY KNOWS! Now more than ever.
That being said, I get a bit annoyed with the “I told you so and everyone should have known” responses. It's easy to boast when you are right and in reality you could have just as easily been wrong.
It doesn't seem like a big deal until someone who lost a lot of money feels singled out like they are the only one who didn't see it coming. No this isn't about me but more what I witnessed in 2009.
If a year from now the S&P is down 20% from where we are today we can justify it. If it is up 20% we can justify it. Doesn't mean we know anything today.
That being said, I'm betting green tomorrow but hoping for red! Need to spend some cash!
Good luck out there!
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