by Daniel Ameduri
Don’t let the headlines fool you… no one really knows what’s going on.
There are 7 billion people on this planet, and not a single one of them can tell you where the Dow will close tomorrow, next week, or in a year from now.
Scary and overly optimistic headlines are the norm. They’re how news sites get people to read their content and click on their advertisements.
Lately, we’ve been hearing about how the market is due for an imminent collapse. In all honesty, it makes me think that we’re headed to new highs.
Time and time again, the exact opposite happens because as soon as the crowd is headed in a direction, it’s already priced in. It forces the masses to either chase asset prices up or sell them at or near the bottom of a big decline.
Calling tops and bottoms is impossible, and anyone who claims they can is lying. Some were lucky, including me, who accurately called the 2008 crisis and the collapse of Lehman Brothers