>>20205129I can't really blame them. Their stock markets are sh!t. Nokia losing the phone business crashed Finland's optimism on stocks. Probably a pessimistic boomer that got his pension wrecked.
Now we got Novo Nordisk becoming a huge part of Denmark's GDP and its stock market is now reliant on Ozempic. Might get a Nokia moment down the line and we'll get another generation of Europessimists.
>>20205142bingo. markets is all about reflexivity. people in the USA (who have actual middle class wages and 401k) are overly optimistic of the markets. it takes longer for pessimism to bleed into the nasdaq or S&P500. the Chinese stock market is has been pessimistic for several years now so it'll have a huge bounce on any sniff of good news just because of the overly bearish sentiment.
