Scoffers and unbelievers - please try to explain this

[Soleron]

Wiintendo said:

Soleron said:

If anyone knew in advance, for certain, that the economic collapse was going to happen on X day and fold out in a certain way, they could have made billions out of it. There are ways with financial instruments to make money out of decreasing prices (see short selling).

The fact that the predictor didn't do this shows that they were either guessing or not confident enough to put money behind their prediction.

If do some research into insider trading you'll learn that on September 15, people did make money cause they had advance foreknowledge of the crash..not only that, they caused the crash by that very foreknowledge.

OK, but they didn't make massive amounts of money. Nowhere near the potential limit. That's because they didn't know how it would play out exactly. And what they did was (sometimes) illegal and not like psychic or anything which was my point.

If they caused the crash, it's only because the market was set up to crash and needed a trigger.