Find it Humorous … “Not So Bad” in the “long-term”
I agree the market selloff has been weak thus far (especially as a frustrated bear). However, I find it humorous as some widely followed commentators say things like “You’re only down x% ytd. It’s not that bad”. I wonder if this selloff gets worse will they extend to a 12 month horizon since last year was so good. Immediately makes me think of 1987. October 19, 1987 : Today was not so bad.
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