If you predict a crash, eventually you will be right.
If you predict a boom, eventually you will be right.
With all the guessers, some fraction will be close to the actual time of the event.
Oh well.
The Roman Empire probably lasted more than a hundred years longer than it should have....knowing the inevitable result tells you nothing about timing.
“If you predict a crash, eventually you will be right.
If you predict a boom, eventually you will be right.”
“Then came “the perfect trigger”: coronavirus, which proved his forecast correct and threw America into “an instant depression,” he argues in an interview with ThinkAdvisor.”
This article was written in May of 2020. Soon thereafter the market exploded to new record highs. From May to now the NASDAQ has gone up 50%, making the corona virus panic little more than a blip.
Did he predict this huge increase or is he still sticking to his doom and gloom, which no doubt will eventually come.
He was right for five minutes and not for any reasons he gave - unless he also predicted the Wuhan virus.