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Business Optimism Crashes (EP.307)

Animal Spirits Podcast

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The Fall of the Knife

Tech stocks have had huge bounces like so Shopify for instance was down 85% from the highs. It's up 85% this year, it's still down 60% or whatever from the all-time highs. So these, the falling knife thing depends on the timing always. But you want to put the best money on the study. This is in public at 2007. What did it lose and what did it lose in the GFC? Well, yeah, of course it had the same crisis. You can have a sector like this that goes nowhere and the stock market can still do fine.

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