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Bullishness Approaching Mania | Peter Atwater on Market Psychology And “The Confidence Map”
Forward Guidance
The Proliferation of Videos on YouTube
There's a lot of people in my business, so financial media, particularly on YouTube, folks are pointing out how they made videos in January of this year that we're saying, you're gonna lose money in stocks. And now that the market's up, they're saying, this is how you can make money in stocks; and so people are kind of chasing the narrative. I always think that what we choose to watch is a really unappreciated measure of our own mood. It's like paying attention to the guy with a sign on the street that says the world is coming to an end. We're gonna laugh at those folks.
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