/biz/ - Business & Finance

>>18888219
I really hate the "priced in" and "forward looking" meme. I see people spouting this everywhere, but its so fucking wrong. Its post hoc rationalization
>The market doesn't make sense because of something that we don't know in the future!
Combined with survivor bias, you only hear about the successes. Therefore, the people who guessed the correct future "won" creating a self-fulfilling prophecy.
>I was right because my guess what priced in

Priced in is OBVIOUSLY wrong. You're telling me during that first dip, people knew we would close the economy for 3 months, have recording breaking unemployment, nobody paying rent, running out of food, oil going negative.
Forward looking is also bullshit. Individual investors are forward looking, and they all try to guess what the price will be in the future to gain profits now. Some price it high, some price it low, the market just reflects what that balance is at the time.
These "ideas" are just more of the lies institutions and media tells you in order to get you to do what they say.

>SPY implodes while typing this
Let me guess, this was "priced in" too?