Moods are relatively long-lasting emotions. Sentiments are shorter-term.
They can affect how stock market cycles react and can precipitate booms and busts.
That is because cycles can easily grow into the fully grown varieties. It is the way minor bear markets start and deeper recessions fester. Given enough impetus and human error, financial meltdowns will eventually occur. ( See the Earl J. Weinreb NewsHole® comments.
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