This is how sentiment works.

Want proof?

“There’s far too much variance during actual events because humans are often unpredictable.”

Everybody lies

Are investors getting smarter?

Ben says yes, investors are getting smarter. His evidence is the fact that a market sell-off of 35% brought in millions of new investors, arriving as they did, all at once, as though prompted by a divine thunderclap from the skies. It’s really quite remarkable that the reaction to a bear market was a speculative…

Wall Street sentiment into elections

“We looked at sentiment changes in the months leading up to presidential elections since 1988”

SPACs are still bulls***

I almost slipped and bought into the SPAC Renaissance. Almost. Draftkings looks legit. But Draftkings could have been a true IPO. The SPAC wrapper was beside the point. Chamath and Ackman will probably do something legit, those guys usually find a way to win. Maybe a few others. The rest are / will be garbage….