I understand the ethical viewpoint, but does it generalize, and where are the lines of moral good/neutral/bad when you ”buy the dip”?
Bombing civilians is despicable, so obviously bad to buy.
Bombing legitimate targets is accepted warfare, but there are always civilian casualties in war, so war in general must be bad to buy.
Other causes for dips?
Insane tariff policy drives small companies to the ground and leaves low income families struggling, must be bad to buy.
Global recession hits due to a pandemic which claims innumerable civilian lives, must be bad to buy.
Global recession hits due to some other factor, lots of civilians die from depression or violence, must be bad to buy.
A huge market dip hits and causes millions of leveraged investors to lose most of their principal to margin calls, companies go bankrupt, people lose their jobs, lots of civilians die from depression or violence, must be bad to buy.
Is there a scenario where ”buy the dip” is not immoral by these standards?
A defect in a series of automobiles causes hundreds of deaths, causing the manufacturer’s stock price to plummet. Is it bad to buy?
Thousands of people die in car crashes every day and it barely registers.
Civilians die and are killed in horrible ways every day.
I think there's an important distinction in making money off of a tragedy your investment had no part in causing and happily announcing you did so.
To use a slightly hyperbolic example: A company that makes body bags is always going to be making cash when a massive amount of people die in a tragedy. That's fine, without that we wouldn't have body bags which is a thing we need. But they're not gonna do a press release on September 12th 2001 about how their sales volumes have spiked and are expected to continue to rise as victims are being pulled from the rubble. I would hope their execs are not watching CNN and rubbing their hands in eager anticipation when they see the second plane hitting the towers.
Bombing civilians is despicable, so obviously bad to buy.
Bombing legitimate targets is accepted warfare, but there are always civilian casualties in war, so war in general must be bad to buy.
Other causes for dips?
Insane tariff policy drives small companies to the ground and leaves low income families struggling, must be bad to buy.
Global recession hits due to a pandemic which claims innumerable civilian lives, must be bad to buy.
Global recession hits due to some other factor, lots of civilians die from depression or violence, must be bad to buy.
A huge market dip hits and causes millions of leveraged investors to lose most of their principal to margin calls, companies go bankrupt, people lose their jobs, lots of civilians die from depression or violence, must be bad to buy.
Is there a scenario where ”buy the dip” is not immoral by these standards?
A defect in a series of automobiles causes hundreds of deaths, causing the manufacturer’s stock price to plummet. Is it bad to buy?
Thousands of people die in car crashes every day and it barely registers.
Civilians die and are killed in horrible ways every day.
Is it genuinely always bad to buy the dip?