RE: Can someone tell me9 Mar 2023 14:40
"Markets can stay irrational longer than you can stay solvent"
Just a thought!
In my youth, I had a fascination with the game of Roulette - as we know a mugs game - bank always wins. However, the above is just for context.
I have seen black coming up in a casino consequatelively 18 times! Hard to believe.
I have seen the number 12 coming up consequatelively 4 times in a row. Unbelievable!!
What are the chances of that? It happened, I witnessed it.
My point, RR, could go up for a long while, and yes it will definitely retrace at some stage. Question is, when, from what SP level and how far?
I am not risk adverse, but shorting this seems very risky to me. No judgement.