Burnham, Bill Gross, Jeremy Grantham, Gary Shilling, Nassim Nicholas Taleb, Nouriel Roubini, Peter Schiff, Jeffrey Gundlach, Marc Faber, Bill O’Neil, Joseph Stiglitz, Richard Gordon, David Stockman, the editors of InvestmentNews and Worldwatch Institute, GEAB.
We can't hear them because we have a Lizard Brain.
The investor’s lizard brain developed historically and neurologically with so many mental handicaps that it is incapable of seeing the coming crash. Our primitive brain was designed to find past patterns, save them, react.
Yes, past patterns: “If you threw a spear a certain way and you got food, guess how you’re going to try to throw it the next time? The same way. The same (brain) algorithm applies to stocks.”
Wall Street lizards focus on past patterns (that is exactly what 'TA' is), ignore the future, miss the new.
Which is also why bull/bear cycles keep repeating through the centuries. And will keep on repeating. Also no surprise why the average investor’s lizard brain is incapable of processing Burnham’s three “rational economic reasons,” which are all over the news but that we just can’t hear them.
It's ok. Keep on snortin' and reportin' new highs.
