backpacker wrote:Because I like winning things, I wanted to point out that I bet browser a Starbuck's Tall way back last September that the S&P 500 would reach a new high before it fell by 40%.Browser wrote:backpacker wrote:Browser wrote:Typical bear market behavior. Large moves down and up, high volatility, and the trend is down. My hunch is that we'll look back in a few months and see it as the point where the risk showed up. And we'll say "why didn't we see it -- it was so obvious!"
Ah, an actual prediction! Shall we say six months? I'll add a reminder to my schedule and we can check to see if you were right.
I'm happy to put a Starbuck's Tall on the line. Shall we meet there in 6 months.
Well, to be fair to Browser, it's a little unclear what the final bet was.
In any case, we've hit a new high since then. Good news for everyone.*
*Well, expect for that guy from the 100% short thread.
Backpacker is back! One of my favorite posters. Good to see you post again!