Perma Bears (Patreon)
Content
Despite the challenges faced in 2022 between April and Early November, it's important to be cautious of perma bears.
Inside scoop, i started shorting stocks in 1999 and got really good at it. I was so successful that it took me three years to overcome my Perma Bear mentality.
Some Important Statistics
- The stock market has historically had a positive trend, going up over 73% of the time since 1926.
- Over the last 100 years, 76% of years have been up years for the S&P 500
- Up years are bigger than down years
- In the last 152 years, the S&P 500 has had 1,065 up months, averaging a monthly increase of 1.66%
- Since its inception, Bitcoin has had an average daily return of 0.51%.
I am reading so much doom and gloom from every angle - so many are saying Bitcoin is going to 11K ,,,, STILL and others are still saying the S&P 500 will be flat or down for the next decade. That would be most unusual if true.
Overall, a strong psychology can help investors stay focused, disciplined, and objective, even in the face of market uncertainty and volatility. This can lead to better investment outcomes and greater long-term success.
Final word, Yes the macro and future is god awful right now but money printing inflates all assets.... and that is the big x factor right now... more so than ever before.