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Reply to "I am NOT complaining- But why is the Market still not significantly down?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Financial experts don’t know either. But I have excellent pattern recognition (and I am old) and this all feels like 2008. When the fundamentals aren’t there and experts have been calling for “a correction” for years - I’m just waiting. Everyone needs to remember these same aholes on Wall Street caused 2008. Everything was “fine” until one weekend in September and then Lehman was out of business.[/quote] I worked in the mortgage back securities industry back in the 2000s. The writing was on the wall for years. Go watch the Big Short for an entertaining explanation of how it wasn’t just one weekend and then everything fell apart. [/quote] You missed the point completely. In the public perception, everything fell apart and everyone took losses. Wall Street was complicit and greedy just like they always are. They couldn’t keep it going. And how nice you were part of it…[/quote]
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