Sunday, November 14, 2021

#Confidence Review #Gold #Silver #Bitcoin #Stocks

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 (see today's news release), the drive force behind US consumption and economic activity, continues to decline. Few are even remotely concerned about it, because MSM and general schooling has dumb downed its citizens to the point, they believe the President, or the Fed Reserve controls, and can fix the economy anytime they choose. What they don't know is that they follow the invisible hand like everyone else.

Declining confidence is a real concern. Those educated in stocks even believe the US stock rally suggests everything is ok. This is a mistake.

The 10/20/21 US Economy & Stock Report $50 discusses why traditional textbooks should be thrown away, and a complacent public doesn't understand the risks behind the rally. The 11/12/21 Update discussed the ongoing deterioration, and the risks of stretching the rubber band too far.

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