Bears make money, pigs get slaughtered. I see this written often, including on this site from time to time (not by WCI, but others). Where did this phrase come from and what does it mean? When do bears make money and over what time period? Who are the pigs getting slaughtered? If you are a bullish pig, you would be doing pretty well over all long time periods assuming you are diversified.
In case you were curious, here is the performance of the largest bear ETF that I know of. Not a pretty picture.
In case you were curious, here is the performance of the largest bear ETF that I know of. Not a pretty picture.
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