Animal Spirits Podcast

The Zero Dollar Club (EP. 435)

148 snips
Oct 22, 2025
Delve into the debate on AI bubbles, exploring media sentiment and Jesse Livermore's market insights. Discover the rationale against gold investments and the implications of 5x leveraged ETFs. A lively discussion on heavily shorted stocks reveals their unexpected outperformance. Will Bitcoin soar to $200k by 2027? The hosts also tackle the rising average car price and ponder the effects of consumer credit trends. Plus, enjoy a countdown of top horror films just in time for Halloween!
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INSIGHT

Why Financial Media Sounds So Negative

  • Media negativity often stems from learned caution after past bubbles and crises.
  • That caution makes sentiment indicators noisier and harder to use than in the past.
ANECDOTE

Livermore Used Amateurs As A Warning Sign

  • Ben describes Jesse Livermore shorting the 1929 mania as a contrarian indicator.
  • Livermore used amateurs' gains as a signal and made massive profits by shorting.
INSIGHT

Sentiment Indicators Vary By Investor Type

  • Composite sentiment measures still vary by investor cohort and platform.
  • You must ask which investors (Schwab, Robinhood, Reddit) a sentiment indicator represents.
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