RE: SP reversal8 Apr 2025 11:39
"It's always the same when a panic gets going (e.g. Boris's panicdemic back in '20) because there are so many thick people out there."
Smart money unloaded very quickly in January - February of 2020 and had little to no exposure going into Trump's "Liberation Day", ditto similar tail risk events.
Riding things out works for some with modest expectations over a long time horizon, but not for others. However, when you look how poor FTSE 100 returns have been over the last quarter century (c13% capital gains since 1999 in a much weakened pound), most traders win by far.