azcardsfan said:
onetrikpony said:
It is almost impossible to buy the absolute bottom but it is a pretty safe bet the market as a whole will be higher than it is after tomorrows early sell off in a year from now and certainly higher in longer time frames index ETF's are discounts for long term holds
Safe bet? Right now the market is still at levels seen right before the 2008 crash.
If you look at countries that followed the playbook the US is now executing, you'll find that these countries' respective stock markets are not doing well. Case in point: Japan, Argentina, Zimbabwe, China.
There hasn't been a safe bet anywhere in a long, long time since the Central Banks worldwide won't let anyone "fail" because price discovery is non-existent. Everyone assumed the market goes up, up, and up, not realizing that the stock market only went up because governments printed money and hid them off of the official books (via their Central Banks).
3/23/2020
Nice call. We were buying here at the bottom what were you doing? Who was buying higher?