Matt Yglesias is not impressed with your perennial crash call

I predict a crash.

Okay, now I’m covered.

Matt Yglesias takes on the myth-making surrounding those who predict market crashes on a regular basis and then take credit when one eventually materializes. One of the worst things about 2008 was that it bailed out a lot of misanthropes who were then able to capitalize on their “prediction”. This is turn has led to many investors missing the market’s comeback as the doomsayers continually kept them ill at ease.

Here’s Matt:

In this era of obsession with bubbles, I think it’s important to recognize how fundamentally unimpressive it is to call a financial crash years in advance. If I predict to you today that the stock market is going to crash soon and people are going to lose a lot of money, and then people keep making money for the next 40 months and then the stock market crashes that would hardly make me a genius financial forecaster. It just shows that the stock market has big crashes every now and again. Sometimes those crashes are driven by clear deterioration in the fundamentals (2008), sometimes they’re driven by past overexuberance (2000), and sometimes they seem to be driven by nothing at all (1987). That’s life.

That is, indeed, life. Anyone can say “something bad is going to happen” over and over again. We are aware, shit happens. Thanks.

Source:

Predicting A Crash Years In Advance Is Unimpressive (Slate)

What's been said:

Discussions found on the web
  1. blonde bob wig tweeted on Sep 18

    … [Trackback]

    […] Find More Information here on that Topic: thereformedbroker.com/2013/10/23/matt-yglesias-is-not-impressed-with-your-perennial-crash-call/ […]

  2. PI News Wire commented on Sep 22

    … [Trackback]

    […] Read More Info here to that Topic: thereformedbroker.com/2013/10/23/matt-yglesias-is-not-impressed-with-your-perennial-crash-call/ […]

  3. bitcoin evolution review commented on Sep 23

    … [Trackback]

    […] Read More Info here to that Topic: thereformedbroker.com/2013/10/23/matt-yglesias-is-not-impressed-with-your-perennial-crash-call/ […]

  4. 메이저사이트 commented on Oct 31

    … [Trackback]

    […] There you will find 7937 additional Information on that Topic: thereformedbroker.com/2013/10/23/matt-yglesias-is-not-impressed-with-your-perennial-crash-call/ […]

  5. Quality Formula commented on Nov 24

    … [Trackback]

    […] Find More to that Topic: thereformedbroker.com/2013/10/23/matt-yglesias-is-not-impressed-with-your-perennial-crash-call/ […]

  6. What is Regression Testing commented on Nov 25

    … [Trackback]

    […] Find More on on that Topic: thereformedbroker.com/2013/10/23/matt-yglesias-is-not-impressed-with-your-perennial-crash-call/ […]

  7. tangerine banque sign-in commented on Nov 26

    … [Trackback]

    […] Here you can find 21279 additional Info to that Topic: thereformedbroker.com/2013/10/23/matt-yglesias-is-not-impressed-with-your-perennial-crash-call/ […]

  8. bmo credit card login commented on Nov 29

    … [Trackback]

    […] There you can find 32679 more Info on that Topic: thereformedbroker.com/2013/10/23/matt-yglesias-is-not-impressed-with-your-perennial-crash-call/ […]

  9. bmo business online banking commented on Dec 04

    … [Trackback]

    […] Information to that Topic: thereformedbroker.com/2013/10/23/matt-yglesias-is-not-impressed-with-your-perennial-crash-call/ […]

  10. replicas breitling gents watches commented on Dec 08

    … [Trackback]

    […] Information to that Topic: thereformedbroker.com/2013/10/23/matt-yglesias-is-not-impressed-with-your-perennial-crash-call/ […]

  11. influencer marketing commented on Dec 12

    … [Trackback]

    […] Find More on to that Topic: thereformedbroker.com/2013/10/23/matt-yglesias-is-not-impressed-with-your-perennial-crash-call/ […]

  12. 안전공원 commented on Dec 13

    … [Trackback]

    […] Find More to that Topic: thereformedbroker.com/2013/10/23/matt-yglesias-is-not-impressed-with-your-perennial-crash-call/ […]

  13. Lincoln Electric POWER MIG 255XT manuals commented on Jan 21

    … [Trackback]

    […] Information on that Topic: thereformedbroker.com/2013/10/23/matt-yglesias-is-not-impressed-with-your-perennial-crash-call/ […]

Read this next.