
yet a real concern:
despite sol's very cogent analysis on the velocity of money, etc, regarding inflation...
and the age old wisdom that markets climb a wall of worry and plunge down a cliff of joy,
to me our current time, for a host of mixed reasons, really does feel like a new historical horizon .....
for some reason it feels especially new, especially pregnant. like a gate
of course one might say: thats how it always feels.... dont be fooled
yet , intuitively perhaps its possible to distinguish btwn that common illusion and the real thing. idk. obviously hard.
will more participation in speculation by the masses cause MP to drive the markets differently?
are people more woke at large, less predictable? a new version of the mass mind?
are peoples beliefs manifesting more quickly and powerfully? will the illusions they believe in come true?
the same way that value investing and fundamental analysis lost their power in the past , i wonder if we're at another moment of evolution, where a new "derivative" will have to emerge to have an edge.
things feel more and more belief based
and beliefs are propogating very quickly
with a more woke character