LeafOfFaith
Well-known member
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Long-term investors shouldn't worry too much about stocks being 10% off their highs
What's unusual is not that we've had a 10% correction; what's unusual is how long it's been between corrections.
Typical Friday afternoon oversold rally.
And this
The thing about permabears is that they only have to be right once a decade or so to get a ginormous payday that pays for all the pain that they suffered throughout the bull run.
Yeah I've only followed him since 2020. And he's been bearish as hell since March. He was predicting QQQ to drop to 50 or below and SPY to the hundreds or below. So from what I saw (maybe he made some short-term moves that I missed), he has missed hundreds of percent of bullish action. And played largely bearish during one of the craziest bull markets ever.except xtrends from what I've seen (don't follow him that closely) goes long quite successfully....but yeah he (seemingly) made life changing money when he predicted a crash in 2008 (or maybe he's still living in his momma's basement, wtf do I know?)