I have in the past discussed how moods are relatively long-lasting emotions; sentiments are shorter-term. Correspondingly, they can affect how stock market cycles react and can precipitate booms and busts in industry.
Therefore, our Chief Cheerleader, the president, in the midst of a deep recession, should never make it a practice of singling out an industry, whether industrial, communications, banking, insurance or lender of any type, as scapegoats when he wants the economy to recover and produce jobs.
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