What Will Stocks Do When “Consensual Hallucination” Ends?
It’s a rainy Sunday day over here, so this ‘depressing’ muse’ from Wolf Richter is a great pastime. Listen to the chief editor of wolfstreet.com talk about the ”consensual hallucination” in the stock market, real estate market, cryptocurrency market and so on. Yet, before you sell up and short the markets, remember this quote:
The market can remain irrational longer than you can remain solvent.