We can't count on that merely because nothing happened last week. [From 12 Cognitive Biases That Endanger Investors Minyanville.com]
Gambler's Fallacy
One of the most famous disclaimers in finance is that past performance is no guarantee of future results. This bias is often referred to as a "glitch" in our thinking in that it extrapolates what happened in the past to construct an idea of what will happen the future. How many of you have played roulette at a casino under the premise that a string of red increases the likelihood of a black outcome? That's flawed thinking; the odds of red (or black, for that matter) or 48% on each independent spin.
No, my answer is based on experience. Things have been happening for thousands of years. Quiet periods do not usually last long. The more people there are on earth, the more likely that something will happen.
I may get flamed here, but investing IS NOT, repeat IS NOT gambling.
History has shown that a long-term, buy and hold strategy of buying equity in proven companies is a nearly GUARANTEED way to accumulate wealth.
Day trading? That’s gambling.
Nobody wants to wait. They want it ALL, and they want it NOW.
Human nature, I suppose.
The dice roll 24/7 whether we choose to or not.