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comment by steve
steve  ·  2964 days ago  ·  link  ·    ·  parent  ·  post: HSBC issues Red Alert for the Stock Market

Thank you for bringing me down from orbit. I was already digging the hole for my survival bunker.





kleinbl00  ·  2964 days ago  ·  link  ·  

No prob. I was quite disappointed when I discovered that "technical analysis" when it comes to equities means "applying acute pareidolia to random data in order to convince others to waste money on your paranoid fantasies."

steve  ·  2964 days ago  ·  link  ·  

I hate how gullible I still am... after LO these many years....

b_b  ·  2963 days ago  ·  link  ·  

If it makes you feel any better I've been eagerly anticipating a stock market melt since about 2013. I guess I'll be right eventually, and then I can conveniently forget about all the times I've been wrong.

kleinbl00  ·  2964 days ago  ·  link  ·  

Dude that ain't gullibility. Technical analysis is this whole thing in the stock market. All the pro software lets you throw like a million different tech analysis curves on shit. There are tens of thousands of people who would be deeply offended by my derogatory statements towards their financial religion.

I think it comes from business majors that barely take algebra being intimidated by quants that write theories. So you end up convincing yourself that this shit

is science.

And when there's an entire industry training you and convincing you that it is, accepting that the "experts" actually know something is a natural response.