Home Forums Ask Sean MarketWatch: Stocks headed for a 67% downturn?

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  • ScottScott
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    Post count: 53

    MarketWatch: Stocks headed for a 67% downturn? Seems ‘preposterous’ now, but it did in 2000 and 2007, too, says fund manager.

    https://www.marketwatch.com/story/sp-500-headed-for-a-67-downturn-seems-preposterous-now-but-so-did-similar-pullbacks-begun-in-2000-and-2007-says-fund-manager-2020-02-04

    Sean HymanSean Hyman
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    Post count: 1150

    Headlines like that are stupid because no one knows that it’s going to be that exact percentage of a sell-off. So 67% is just dumb for them to say.

    NOW, with that said…one previous market crash was around 40% and another was around 60%. So is that possible? Absolutely. And yes, when markets have soared like they have…hardly anyone thinks sell-offs are possible. But how they think and feel about it has absolutely no bearing on what’s possible and very likely.

    FusionDudeFusionDude
    Participant
    Post count: 21

    82% of all statistics are made up.

    ScottScott
    Participant
    Post count: 53

    Hey Sean, sorry for posting stupid news articles. I just thought it was mighty bearish and suitable for our forum. I will cease and desist! Thank you.

    JimAJimA
    Participant
    Post count: 18

    What was said in the headline might be stupid, but I don’t think your post is Scott.
    The more information I am exposed to the more I learn from what is subsequently discussed.
    and sometimes I need to see/read the same things to keep me grounded in the LI process.
    Like this one, once again it is reiterated for me not to invest in any funds that follow the market or “popular” stocks, while some people I know personally keep throwing money at them.
    and FusionDude, as a wise man once told me – “figures don’t lie but liars figure” 🙂

    Sean HymanSean Hyman
    Participant
    Post count: 1150

    Scott, no need to apologize. I think the content was great. I was criticizing the odd/exact numbers that are just ploys for eyeballs from marketers. You did nothing wrong. Thanks for sharing the info.

    Sean HymanSean Hyman
    Participant
    Post count: 1150

    Yes, I totally agree with Jim. Scott was just fine in posting that.

    ScottScott
    Participant
    Post count: 53

    I understand. Thanks for your kind replies, Jim and Sean. Really enjoying the forum and will continue to participate.

    Sean HymanSean Hyman
    Participant
    Post count: 1150

    Yeah, you did just fine. You did nothing wrong. The dumb part was the headline that they chose to write. It’s a marketing/copywriting technique to grab extra eyeballs.

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