So based on this do you think that the current correction is going to become a crash?
And separately, doesn’t this mean that you are going to end up backing out of the market pretty much all the time it goes up?
If there is a period of euphoria where the market goes up then you back out because people are optimistic and when the market stops being positive and things move downhill then you re-enter something that is dropping?
Doesn’t this just mean that you miss all the gains and only take losses or relatively flat periods?
So based on this do you think that the current correction is going to become a crash?
And separately, doesn’t this mean that you are going to end up backing out of the market pretty much all the time it goes up?
If there is a period of euphoria where the market goes up then you back out because people are optimistic and when the market stops being positive and things move downhill then you re-enter something that is dropping?
Doesn’t this just mean that you miss all the gains and only take losses or relatively flat periods?
Behavioral economics is such an underrated and important field. Thank you for writing this article!