A Message of Hope for the Bears
All over reddit and fintwit I’m seeing the same lines of thought:
> “This doesn’t make sense”
> “This is a bubble”
> “This can’t keep going up and up”
> “How has there not been a pullback?”
You need to stop trying to rationalize what’s driving the market right now. Future economists will spend YEARS analyzing 2026. Even years from now, with all the benefits of hindsight, even they will struggle to fully understand what’s going on.
Imagine you wake up one day and go outside and see that the sky is no longer blue, but green. It continues to be green day after day for two months. Impossible! This can’t be! Something is broken!
How childishly stubborn would you need to be to stare reality in the face and refuse to accept it, all because you don’t understand “why” the sky is now green.
That is where bears are at right now, refusing to accept reality and performing every manner of mental gymnastics to make sense of it.
Why doesn’t matter.
So stop trying to pretend that you are smarter than every trader and business leader on the planet combined. You aren’t.
Nobody fully understands what’s happening. Not even the geniuses. But the smartest people in the world are able to do one thing that you can’t: they can swallow their pride and accept the limits of their own understanding, and accept the reality in front of them.
Stocks are going up and will continue to do so. We may understand why someday, but all the profit will be gone if you wait til then.