SPDR S&P 500 (SPY): Don't be too hard on the bears. Ever...

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Commander Pennystock

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Commander Pennystock

Re: nowwhat2 post# 341046

Monday, 05/10/2021 12:57:23 PM

Monday, May 10, 2021 12:57:23 PM

Don't be too hard on the bears. Every market cycle has a "im a genius, we're all going to be rich" phase of overconfidence. If you flip the market cycle upside down the bears are probably in the anger or depression stage which as we all know is the best time to buy (or short in this case)

Being right about yesterday doesn't mean squat about tomorrow and vice versa.. Past performance doesn't guarantee future results etc etc.

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