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I did read somewhere that the PTSD of the bear cycle is still holding us from dreaming bigger in the bull cycle, I agree to a certain extent but the overall economic conditions does also play a part, I think.
I tend to think this is true, to some extent. I, for instance, suffer from an easy form of PTSD from previous cycles because I didn't take profits when I should have. Maybe I overcompensate now, we will see.