A more realistic emotional reaction, in the previous bull market, if a blogger said that the market was expected to fall in the future, or was preparing to short, the comments below were almost all sarcastic, such as the most classic one, "You missed the opportunity."
After this period of ups and downs, everyone has learned the macro, and now if you are bullish, the comments below will be: 1. Don't think about it, the US stock market will plummet after the interest rate cut, how can the big cake be immune. 2. Look at 48K first, then 38K. 3. There is no hope this year, let's talk about it next year.
Therefore, the emotions at each stage will be more extreme, and when extremes appear, it means that the direction may be biased towards a few people.
