Bull markets are said to climb a wall of worry. Every stage of a rally tends to feel uncertain, with doubt in the headlines and plenty of reasons to sit on the sidelines. 🧱
That lingering skepticism is often what keeps a trend alive, as cautious money gradually gets convinced along the way. When everyone finally feels comfortable and euphoria sets in, the wall has usually already been climbed. 😌
The practical lesson is to judge the trend by structure and data rather than by how confident the crowd feels. Markets rarely hand out clarity at the moments that matter most.
That lingering skepticism is often what keeps a trend alive, as cautious money gradually gets convinced along the way. When everyone finally feels comfortable and euphoria sets in, the wall has usually already been climbed. 😌
The practical lesson is to judge the trend by structure and data rather than by how confident the crowd feels. Markets rarely hand out clarity at the moments that matter most.