THE HIGHER THEY GO, THE HARDER THEY FALL : a simple question ...
A simple question for you to consider :
Why should future return of a (stock/crypto currency/fx pair) always be the same as their past returns? When the investors comes to believe that (stock/crypto currency/fx pair) is guaranteed to make money in long run, won't the market end up being wildly overpriced? and once that happens how can future returns possibly be high?
Why should future return of a (stock/crypto currency/fx pair) always be the same as their past returns? When the investors comes to believe that (stock/crypto currency/fx pair) is guaranteed to make money in long run, won't the market end up being wildly overpriced? and once that happens how can future returns possibly be high?
