Re:Paul Singer is bracing for ‘all hell to break loose’ in t...
by lisper on Tuesday May 30, 2017 @02:59PM
(#14447581)
"Lately, the stock market has been stubbornly buoyant."
In other words, Singer is wrong.
There are two facts about stock market prognostication:
1. At any given point in time you will always be able to find someone on Wall Street predicting that the market will crash Real Soon Now.
2. Market crashes are inevitable.
Hence, when market crashes happen you will always be able to find someone who predicted it. The trick is to sort out that correct prediction from the myriad wrong ones before the crash. No one has cracked that nut yet.
In other words, Singer is wrong.
There are two facts about stock market prognostication:
1. At any given point in time you will always be able to find someone on Wall Street predicting that the market will crash Real Soon Now.
2. Market crashes are inevitable.
Hence, when market crashes happen you will always be able to find someone who predicted it. The trick is to sort out that correct prediction from the myriad wrong ones before the crash. No one has cracked that nut yet.