HODL: A bastardized version of "hold": "originated in a December 2013 post on the Bitcoin Forum message board by an apparently inebriated user who posted with a typo in the subject, "I AM HODLING"
This sums up the Idiocracy's understanding of markets. The greatest likelihood of rising prices is when sellers are going up and buyers are going down:
The data only goes back to 2011, but we see that net buyers peaked at the low in prices in 2012, and since then net buyers have plummeted to cycle lows, as prices climbed.
Everyone thinks that they are smarter than everyone else, even though they are everyone else...
Likewise, consumers are most confident when they have no more money to buy things:
Getting back to the casino, it appears that Warren Buffett's weekend confab kept the fire burning under Apple early this week.
What is also deja vu is Apple rallying while Apple suppliers roll over. And why "no one" sees it coming:
ZH: The Best Indicators For EM Contagion
"how can one decide if the Emerging Market turmoil is about to sweep across the entire sector, and result in DM contagion?"
"...at a time of peak EM debt/equity inflows ($371bn)…EMB below 107.50 = contagious"