posted by mark
on Fri, 01/24/2020 - 14:13
The interesting thing about market tops is the perception of risk is framed by most as being less risky. When anything reaches the high point of its cycle, the upside potential is much less than the downside risk.
Contrasting, when the market hits the bottom, most view the risk as being greater, just when the downside risk is much less and the upside potential is much greater.
Behavioral biases can play strange games with human perceptions. If only we were more wired like Spock from Star Trek and make calls with little human emotion involved.
