"Bear market over in October" -- Michael Hartnet, BOA

Innervoice · Oct 14, 2022

You can not call and end to a bear market before it’s over. That guy is an idiot.

TheDawn · Oct 15, 2022

Nine_Ender said:
Seems to me you are far more desperate to see markets go down. Markets don't care about all your past mistakes or whatever losses you are chasing now. A ton of traders thought March 2020 ( or March 2009 ) would be far worse and linger for a long, long time. If you owned the very top in early 2020 and simply held until now you'd still be ahead. If you added at any point you are doing better then that. If you sat out part of the crash you are WAY ahead.

So many traders botched up the 2009-2019 bull royally because they thought they were smarter then markets. The opportunity cost of continually trying to short it was massive, never mind those who actually lost money doing so. At some point markets will bottom and that cycle will repeat for many people. Investors will do fine unless they listen to the media or day traders that get real loud and aggressive often at the worst times possible.
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Time will tell whether I am right or this Michael Hartnet is. So far, the market is still going down. This is what's great about trading. You don't have to break out a sweat arguing with mindless trolls. Your profit will speak for itself.

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"Bear market over in October" -- Michael Hartnet, BOA

Innervoice

TheDawn