Quote:
Originally Posted by ChiefRocka
Four months later it was back at the original level. That was a large extended bear trap. To say this cat is a "seasoned veteran" trader since 2017 is laughable.
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Yeah, dude, he kind of is.
I'm going to be 40 this year. I graduated in 2002. And I certainly paid attention to the .com bubble and 9/11 I wasn't trading anything there. I got out of grad school in 07, and I had a good $5 maybe $6 in the markets when 2008 happened, the impact to the labor market mattered WAY more than my $5 going to $4 or whatever.
Along my timeline (I understand not everybody goes to grad school and you can invest earlier than I did if you've got the money), but in order for anybody to have real money invested in 2008 along my timeline, they have to be what? 10 years older than me? That's 50 and you need to start looking at taking risk off the table.
That's a pretty narrow swath of dudes that have taken bullets with real capital. PLUS, way more shit has happened since 2017 than from 2008 to 2017. And if the recession lasts very long at all you're going to be pushing for dudes going back to the 80s, and those guys aren't around.