Animal Spirits Podcast

The Bears Capitulate (EP.390)

33 snips
Dec 11, 2024
Get ready for a rollercoaster of investment insights and personal tales! Learn about the four biggest investment mistakes and the surprising capitulation of bears. Bitcoin's surge to $100K is a hot topic, alongside hilarious travel mishaps and cherished family movie nostalgia. The speakers humorously compare car troubles to stock-picking woes while reflecting on modern market dynamics and wealth trends. Plus, they share binge-worthy TV recommendations, making this episode both enlightening and entertaining!
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ANECDOTE

Audi Troubles

  • Michael Batnick details his frustrating experience with his Audi Q7, plagued by recurring engine problems.
  • Despite buying out the lease and getting the engine fixed, the problems persisted, leading to a costly transmission replacement and ultimately a new Q7.
INSIGHT

Smooth Sailing in 2024

  • The S&P 500's 29% rise in 2024, with minimal drawdown and numerous all-time highs, marks a remarkably smooth year for investors.
  • This stability contrasts sharply with prior years and raises concerns about potential future volatility.
INSIGHT

Bear Capitulates

  • David Rosenberg, a noted bear, acknowledges the market's extraordinary surge and revisits his bearish stance.
  • He suggests the market's resilience stems from anticipated productivity growth fueled by AI, akin to past tech booms.
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