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04/04/18
08:37
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Originally posted by lifeguard22
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For what it’s worth, and I’d value it somewhat between a hill of beans, and a handful of (low grade) copper coins, I thought this would happen. Not just the overnight action, but the current seesawing movement of markets with a desire to move quickly back to previous highs.
I’ve based my theory on a few technical indicators (eg economic data such as the least amount of countries in recession etc) but more particularly on two factors that became more obvious around 8 months ago, and have quickly become prominent drivers of the current trends we have grown to love and hate.
1) Impatience
2) Greed
Now, some may immediately cry “That’s always been the case! Move on you old fool!” to which I would reply:
“No. And I’m not (that) old”
I think Trump - and others in higher levels of leadership in government and the marketplace - have set a certain tone. And that tone, perhaps unlike any other time in recent history, is stoking the current trends of impatience and greed. We know that both of those themes are latent in the marketplace, and lately, have become more prominent as short-term thinking and reckless abandon became de rigueur.
But. Those two themes will only flourish inside an environment that gives them the appropriate nourishment. And what healthy nourishment they are getting: A thorough watering down of ethics and principles, and an abundant supply of bovine manure .
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Wonderfully stated and perfectly crystallized. It's not like we hadn't already taken leave of conventional reality; but now that we have combined this elementary-grade Machiavellian mischief with highly sophisticated machines we are in for a wild ride.