...market sentiment is driven primarily by gambling.
...we also see that in lithium stocks today. Because speculative market participants have been conditioned to believe based on past experience that the sector still offers potential multi-bag returns.
“Investors are less uncomfortable buying the Magnificent 7 than they would be shorting them.” - @TKL_Adam
Tesla’s, $TSLA, 40% rally in 1 week is a testament to that. The reality is that this market has every reason to fall, but it simply doesn’t. Market sentiment is the most powerful driver of price.
