Hacker News new | ask | show | jobs
by qubex 2285 days ago
A steep slope with no bottom in sight does not imply that a bottom does not exist.

Indeed it’s clear that a bottom must exist. Being unable to infer where it may be does not negate that certainty.

3 comments

Honestly, that is always the mentality of the market. Its going up with no top in sight! The next day its going down with no bottom in sight!

Except that bottoms have more natural barriers than tops.

A bottom always exists. It is zero. There is no top however.
Leveraged financial instruments can create a negative bottom. Don't assume anything magical about zero.
Money must exist?
No, but companies must have some value greater than zero since they generate future cash flows.
I've got a company to sell you!