/biz/ - Business & Finance

>>55650133
Have you ever heard the expression
>the market can stay irrational longer than you can stay solvent
There is a reason why this phrase has existed for 100 years, anon.
>but.. but... they're smart!
Lol. Yeah. There were also a lot of smart people that had invested before 2008. There were also a lot of smart people who had invested in Enron. There were also a lot of smart people who bought the dotcom bubble. Isaac Newton - do you think he was smart anon?
Smart means absolutely jackshit in markets.
>pic related
We just had 100th percentile short covering on indices - we had one of the biggest short squeezes in history over the last 2 quarters