How much longer will this bear market go on for?

Type_45

Prism said:

Type_45 said:

Prism said:

Type_45 said:

Could we see a '71' handle on the FTSE 100 today...

What does that even mean?

Starting with '71', which it now is.

Ok, not sure why that matters. FTSE 100 total return is still just about positive for the year - one of the better performing for once.

It matters because we are getting closer to taking out the June lows.

masonic

Type_45 said:

Perhaps 80% was too conservative...

If -80% seems conservative, would you like to set a new target for the 2022 low?

Type_45

Cap doffed to those hanging on.

Type_45

The June lows very much in sight now.  

t1redmonkey

How much more to go before your original -80% predictions come true?

SonOfPearl

None of us can accurately predict what the financial markets are going to do in the future. Most of us know this, but some people become convinced that they can tell the future. This thread's absurd longevity, mainly due to one forum member, is a good example of that. 

The ironic thing is, even if the financial markets were to drop 80% in value (over whatever timescale, I don't care) anyone who predicted that with certainty would still be wrong to do so. They would just have made a lucky guess, with no more certainty than predicting the result of tossing a coin. 

Type_45

t1redmonkey said:

How much more to go before your original -80% predictions come true?

One can work that out for one's self.  Look at what the high was and subtract 80%.

kuratowski

SonOfPearl said:
None of us can accurately predict what the financial markets are going to do in the future. Most of us know this, but some people become convinced that they can tell the future. This thread's absurd longevity, mainly due to one forum member, is a good example of that. 

The ironic thing is, even if the financial markets were to drop 80% in value (over whatever timescale, I don't care) anyone who predicted that with certainty would still be wrong to do so. They would just have made a lucky guess, with no more certainty than predicting the result of tossing a coin. 

I actually don't believe the author of that forecast really believes it will come to pass.  There's  been plenty of evidence on this thread that they are self-aware and not truly delusional.  They just like the attention.

Type_45

Hard to disagree, if one has objectivity...

snarffie

SonOfPearl said:

None of us can accurately predict what the financial markets are going to do in the future. Most of us know this, but some people become convinced that they can tell the future. This thread's absurd longevity, mainly due to one forum member, is a good example of that. 

The ironic thing is, even if the financial markets were to drop 80% in value (over whatever timescale, I don't care) anyone who predicted that with certainty would still be wrong to do so. They would just have made a lucky guess, with no more certainty than predicting the result of tossing a coin. 

Just stop responding to that ‘one forum member’ (utterly pointless in any case) and allow this rotten thread to reduce itself to an echo chamber.