As I always say markets are oversold within seconds and stay overbought for years

Discussion in 'Trading' started by S2007S, Aug 13, 2024.

  1. S2007S

    S2007S

  2. 2rosy

    2rosy

    elevator down. escalator up.
     
    HawaiianIceberg likes this.
  3. nitrene

    nitrene

    That is human nature. Optimism keeps homo sapiens alive. I think like 70% of all trading days are up so that should tell you all you need to know.

    I remember the 2008-2009 meltdown and it was really depressing watching CNBC/Bloomberg/FBN during that time. That along with the 1929-1932 slow collapse must have taken a toll on people to endure.

    I mean 2008 was the most I saw Cramer get pissed off especially at the Fed & Bernanke for waiting so long to intervene in the credit markets. Remember his famous "They Know Nothing!!!" rant?
     
    ElCubano likes this.
  4. the_poet

    the_poet

    Interesting but true.
     
  5. ElCubano

    ElCubano

    That was after the Bear Stearns is a good investment rant. :D