Friday, October 15, 2021

#Confidence Review #Gold #Silver #Bitcoin

Confidence
The old American idiom of a day late and dollar short is a phrase easily applied to the majority's ability to time (buy or sell) US stocks. The majority, influenced more by instinctual behavioral tendency of the individual to seek acceptance of an emotionally-driven crowd than act independently in the minority, views rising and falling stocks prices as bullish and bearish. This tendency that drives them to chase when probabilities favor fading relegates the majority as the consistent bag holders of history's panics and trend changes.

Bull markets are born on pessimism, grow on skepticism, mature on optimism and die on euphoria.”, John Templeton

Subscriber Comments

Confidence continues to wane. I suppose it's only a matter of time before the public really figures it out. I keep warning that the confidence break is serious.

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