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S&P 500 is 'bizarrely overvalued' and could crash 49% as recession sets in, elite strategist says
(markets.businessinsider.com)
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this post was submitted on 17 Mar 2024
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The crazy thing about speculative economy is that by releasing this article, businessinsider might scare some of the investors and so create a self-fulfilling prophecy.
Shhh, it's exactly how stock is meant to work for them. Hype bubbles and "adjustments".
I've always thought that about recession predictions. After all, economists measure consumer confidence and define the meaning of the results as
It's clearly reasonable to think that publishing panic-inducing articles like "stock market will soon CRASH 49%!!" would decrease consumer confidence.
I think that's pretty much what the foundation series was about, predicting a system changes it.
That's what they are paid to do. Big fund takes a short position, then pays analysts to produce stories to make their short position profitable.
Cassandra complex
Wouldn't that be the exact opposite of a Cassandra complex.