@vixologist @AttainCap2 @GestaltU I interpret 🍋’s point as: forest fires clear out underbrush that cause forest fires.
I interpret @GestaltU’s point as reflexive: if everyone prepares for the last crash, then it’s almost impossible for a crash like it to occur!
I interpret @GestaltU’s point as reflexive: if everyone prepares for the last crash, then it’s almost impossible for a crash like it to occur!
@vixologist @AttainCap2 @GestaltU I don’t disagree with either of those points. Adam’s point is one of the reasons that many on here – myself included – were saying that it would be hard to see a post-election crash last November.
@vixologist @AttainCap2 @GestaltU I still think a lot of the same dynamics permeate the system (namely, excessive risk taken driven by low interest rates; adoption of systematic strategies; influence of options on underlying) – but the build up of risk that 🍋 alludes to may be gone for some time.
@vixologist @AttainCap2 @GestaltU Will the next crash be like 2000-2002? I don’t think @GestaltU meant that literally (though, I’ll let him correctly). Just more that if everyone prepares for an accute crash, the path of greatest pain is a slow burn. And that’s the path markets will likely take.
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