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I think a lot of extreme bears have doomsday preppers mentality and tend to be uneducated and blue collar and don't like government. They secretly want to see society fail. Does it seem like a lot of the extreme vocal bears are from this background?
I think a lot of extreme bears have doomsday preppers mentality and tend to be uneducated and blue collar and don't like government. They secretly want to see society fail. Does it seem like a lot of the extreme vocal bears are from this background?
You can't paint everyone here with a single brush. I'm white collar, educated, and don't like the government. Also I'm not a republican.
I'm a bear - although not to the level of some others.
I think a lot of extreme bears have doomsday preppers mentality and tend to be uneducated and blue collar and don't like government. They secretly want to see society fail. Does it seem like a lot of the extreme vocal bears are from this background?
My guess is that most permabears are either writers who are out to generate followers and clicks while trying to sell you something, or money managers just making excuses for $hitty performance. Glass half empty types trying desperately to prove how smart they are and get rich off of followers who never quite seem to figure out that the preacher bears are just broken clocks.
I don't think it has much to do with education or politics, they're just opportunists preaching to the useful idiots who can't think for themselves.
I think a lot of extreme bears have doomsday preppers mentality and tend to be uneducated and blue collar and don't like government. They secretly want to see society fail. Does it seem like a lot of the extreme vocal bears are from this background?
No, the extremely vocal bears seem to be very highly educated. The uneducated blue collar folks don't follow the stock market and have no public platform to be vocal on.
Let's check the background of some extreme bears. I'll start with Doug Casey who wrote some best selling investment books and has been predicting the upcoming depression for the last 40 years. He had a degree from Georgetown and his father was a multimillionaire real estate developer.
Robert Prechter is probably the most famous perma-bear. He wrote Conquer the Crash and has been calling for a super crash since the late 1980's. He graduated from Yale and worked at Merrill.
He is still at it. I have omitted the . to prevent embedding.
youtube com/watch?v=prD4pSV-1ew
John Hussman is also a very prominent bear and is calling for a 64% decline in the S&P 500. However he first made that prediction in 2018. He has a Ph.D from Stanford and was a professor of Economics at Univ of Michigan.
Author and former hedge fund manager Nassim Taleb is another very highly educated bear with an MBA from Wharton and a Ph.D from the University of Paris.
Kind of odd to state "I'm a bear" isn't it? Is that just temporary or does that mean you're always negative on the stock market? If the latter, you've clearly not been paying attention to the last 100 years of the stock market.
In terms of the political stances of perma-bears, I really don't know or care. I just think anyone who claims to always be bearish on the market either has an agenda to sell something (or clicks to a website) or just isn't astute enough to understand how the markets work in the long-term.
I suspect a segment of people self-identifying as bears, especially those who are perma-bears, are depressed and dissatisfied with their lives. I suspect some correlation with a mid-life crisis of sorts, maybe they're in just sort of OK or perhaps unhappy partnerships/marriages or maybe they're just alone and are lonely. It's like an ongoing malaise.
........ bears have doomsday preppers mentality and tend to be uneducated and blue collar and don't like government. ...........
Doomsday preppers do not have any money in the stock market. It's possible that they don't even have any money in the banks.
I'm not so sure that the uneducated and blue collar are in the market, either, other than their pension fund is probably invested there for them and they aren't doing anything to direct it.
Nothing about being blue collar or uneducated makes anyone any more likely to dislike the government than any other life condition of other persons might or might not make them dislike the government. Plenty of rich and well educated people dislike the government. Lots of uneducated and blue collar people like the government. Especially if the government is supporting them. Although people being supported by the government probably do not have stock investments.
Doomsday preppers do not have any money in the stock market. It's possible that they don't even have any money in the banks.
I'm not so sure that the uneducated and blue collar are in the market, either, other than their pension fund is probably invested there for them and they aren't doing anything to direct it.
Nothing about being blue collar or uneducated makes anyone any more likely to dislike the government than any other life condition of other persons might or might not make them dislike the government. Plenty of rich and well educated people dislike the government. Lots of uneducated and blue collar people like the government. Especially if the government is supporting them. Although people being supported by the government probably do not have stock investments.
That's kind of where the extreme cultural fear lies these.
It reckons that would also spillover to their attitudes on the investment world.
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