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For the most part the predicted market peaks and troughs are pretty accurate. This is more of a statistical analysis (using past numbers to predict future behavior) than a Nostradamus getting high and pulling predictions out of his ass.

But still, there's a degree of confirmation bias influencing the believers (and conversely instinctive skepticism affecting doubters) that come into okay.

Either way, I think it's an interesting tidbit from the past.

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[-] HubertManne@piefed.social 17 points 4 days ago
[-] StillAlive@piefed.world 8 points 4 days ago
[-] HubertManne@piefed.social 8 points 4 days ago

which it should not be able to predict given its a plague.

[-] Sineljora@sh.itjust.works 3 points 4 days ago

I would say the banking crisis of 2019 right before COVID counts.

[-] zout@fedia.io 5 points 4 days ago

Are you sure about that? I don't really follow stock markets, but from the news I gather a lot of people are making a lot of money. Mostly from inside trading, but the cycle says nothing about ethics.

[-] HubertManne@piefed.social 5 points 4 days ago

yeah I was kinda thinking about that. does not necessarily say healthy market.

this post was submitted on 24 Aug 2026
83 points (98.8% liked)

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