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Stocks Are Overbought, so What? | WAYT

The Compound and Friends

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The Recency Bias in Stocks

I think momentum is fueled by the recency bias. The more a stock rises, for the most part, the more confident the market becomes that it will continue to rise. Would you be surprised if in videos up 60% in the next six months? I wouldn't. People underestimate how crazy shit is like all this has to end badly. And yeah, maybe probably, probably, but not yet.

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