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Put these charts on your wall for reference the next time you think…
- All-Time Highs Are a Sell Signal
- Investment Returns Are Linear
- It’s Oversold/Overbought and Can’t Possibly Go Any Lower/Higher
- Credit Spreads Can’t Get Any Tighter
- An Inverted Yield Curve Means a Recession Is Imminent
- Job Losses Mean We Must Be in a Recession
- A Hot IPO Can’t Possibly Underperform the Market
- The Housing Market Can’t Get Any More Unaffordable
- Vacancy Rates Can’t Go Any Higher
- Bond Yields Can’t Go Any Higher
- Diesel Prices Can’t Go Any Higher
- You Can Trust All Government Data on Inflation
- They Won’t Print More Money
- They Won’t Kick the Can Down the Road
- Stocks Can’t Go Up After a Military Conflict
- Value Stocks Will Always Underperform
- Tech Stocks Can’t Possibly Outperform Any Longer
- Markets Follow a Normal Distribution
- The Biggest Companies Can’t Get Any Bigger
- Past Performance Is Indicative of Future Results
- Picking Stocks Is Easy – Just “Buy What You Know“
- A Valuation Can’t Go Any Higher
- Investors Are Rational
- Dividend Yields Can’t Go Any Lower
- Profits Don’t Matter Anymore
- It Can’t Go to Zero
- Bonds Are Risk-Free
- Buying Something Based on a Meme Is a Good Idea
- The Market Leaders Never Change
- Rising National Debt Must Be Bad for the Stock Market
- Big Returns Come Without Big Drawdowns
- The Fed Will Cut Rates This Year
- This Has To Be THE Top
- Stocks Will Never Come Back From This Bear Market/Crisis
- You Should Mix Politics With Your Portfolio
- A Bad Start to a Year Means a Bad Finish
- Putting Money Under Your Mattress Is an Effective Strategy to Combat Inflation
They say a picture is worth a thousand words and in markets that is absolutely true. Having a few extreme charts on your wall can be a helpful reminder that there is no such thing as “can’t,” “won’t,” or “has to” in markets.
The market doesn’t have to do anything, least of all what you think it should do. The market does what it wants, when it wants to do it. It is the real-time personification of collective human psychology, with fear and greed on full display.
That’s what makes it so hard and at the same time so interesting. There are times when skepticism is warranted and other times when you need to suspend disbelief, with no manual to help you decipher which situation applies.
Find some charts that speak to you personally, and put them on your wall as a constant reminder that the range of possible outcomes is much wider than any of us think. For there is no impossible in markets.
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Disclaimer: All information provided is for educational purposes only and does not constitute investment, legal or tax advice, or an offer to buy or sell any security. Read our full disclosures here.
