Jack Schwager on contrarian trading based on the word "despite"

One of the traders I interviewed, a fellow by the name of Jason Shapiro, is a real contrarian trader. One of the most useful things he said in that interview was his favorite word is "despite." "If you ever see the market went up today despite this news," he said, "that's a really bullish signal." Because when they can't even even explain why the market - they have to explain it went up despite opposite news, that itself is telling you something.

~ Jack Schwager, "Secrets of the Market Wizards with Jack Schwager," Stansberry Investor Hour, December 3, 2020