Moods
are relatively long-lasting emotions. Sentiments are shorter-term.
They
both can affect how stock market cycles react and can precipitate
booms and busts.
That’s
because cycles can easily grow into fully grown varieties. It’s
the way minor bear markets start and deeper recessions fester. Given
enough impetus and human error, financial meltdowns will eventually
occur, as I have outlined in my previous reports.
It’s
the reason why astute, wise politicians seeking to prevent a deep
recession, never make it a practice to single out industry as
scapegoats when they want the economy to recover and produce jobs.
(See the Earl J. Weinreb NewsHole® comments.)
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