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RE: Current Bitcoin Drawdown Resembles that of the Nasdaq in 2000
Thank you for walking us through those conclusions.
Morgan Stanley certainly hopes to be all doom and have you continue to invest in their mutual funds, etfs, trading stocks and bonds. The critical thinking involved on their conclusion is laughably low.
Just like all those marketing pieces about needing to stay in the market because if you miss the 10 largest rallies in the year then you miss most of the stock markets gains for that year. No one ever advertises that if you miss the 10 worst days of the year that you are much better off since protecting the downside = less the market has to recover for you to break-even.
That is a good point. Pretty tough to predict either of those. It was also interesting how they left out how the Nasdaq went on to break that previous high, rather significantly.