Travelling day.
WHY FACTS DON’T CHANGE OUR MINDS New discoveries about the human mind show the limitations of reason.
The article has a political connotation. Its interest for me is rather on the implications for financial markets in this world where social media take so much of people’s time and fill so much of their quest for “facts” and “opinions”.
In effect, this is the first bull frenzy of the widespread social media era. We shall see how people deal and react to facts, alternate facts and fake facts…
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Barclays: Forget Valuations! Animal Spirits Are Driving The Market Higher
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BAML Survey Of Asset Managers Says “Boom” Best Describes Market
Bob Farrell’s rule #4: Exponential rapidly rising or falling markets usually go further than you think, but they do not correct by going sideways
DON’T CONFUSE ME WITH FACTS:
This from David Rosenberg: