Brian Levitt
👤 SpeakerAppearances Over Time
Podcast Appearances
Correct.
In the headlines.
They think a news event is going to happen and it's going to punch the market in the face and knock it over and knock us into a bear market.
Yeah, you're right.
What they don't understand is that knockout punch comes at the bottom.
So a great example is Lehman Brothers.
Mm-hmm.
We're already in a 25% or 30% drawdown by the time Lehman goes under.
They went under because of the bear market.
They didn't go under and then that necessitates us having a bear market.
Right.
Okay.
But they think like such and such thing, terrible thing is going to happen, which is then going to put us in a bear market.
But the reality is we are much more susceptible to a real knockout punch once we're already in a bear market.
And that happens.
The knockout punch comes as a consequence of the terrible environment that we have already found ourselves in for quite some time.
Correct.
Correct.
And it usually.
But they don't understand it.