The Wall of Worry: Why Markets Keep Climbing While Investors Keep Panicking
The stock market does not climb a wall of certainty. If it did, every investor in America would already own three yachts, two senators, and a vacation home in Aspen. Markets do not rise because people feel safe. They rise because human beings are perpetually convinced civilization is one bad headline away from eating canned beans in a candlelit basement while listening to emergency radio broadcasts. It climbs a wall of worry.






