What Does Wall Of Worry Mean?
It is a phrase used to describe a condition where a bullish market trend exits even in the face of negative uncertainties.
I thought of this phrase a couple of days ago when I watched a video of Alex Honnold free solo climbing Moonlight Buttress in Zion’s National Park. As my family and I watched the video we decided that this guy Alex is either 1) totally crazy or 2) the most mentally tough guy on the planet.
Even though the stock markets are known to sometimes climb a wall of worry and move up in the face of negative conditions I think right now we are content to stick with our defensive approach that includes ropes, safety nets, etc and leave the climbing of walls without protection to Mr. Alex Honnold. I don’t want our portfolios falling and getting hurt.
The video of Honnold climbing Moonlight Buttress is no longer available but this video will give you an idea of what he does:
