I’ve actually been in the market and making money — let’s say that scalp-trading individual stocks on bad news whenever possible limits potential losses due to the entire market failing.
Fire in a 787 in some shitehole country in Africa? BA down a few %? Buy, let the sheeple take their losses. Fiery accident involving a Tesla S, TSLA down 5%? Buy, sell when the dumb sheep are done bleating. Accident on a Carnival Cruise ship…? If it bleeds, burns, or smells like raw sewage, it makes money once the idiots are done carping.
I go to bed every night praying for another “Lehman event” because it would be the buying opportunity of a lifetime. The ultimate opportunity to exploit a bunch of overreactive ninnies.
You’re assuming that the dot.com crash of early 2001, the 2008 crash, etc were truly preventable.
