Paramore on the denial phase of an unwinding bubble

I don't mind lettin' you down easy, but just give it time

If it don't hurt now, a-just wait, just wait a while

You're not the big fish in the pond no more

You are what they're feedin' on

Where you're from, you might be the one who's running things

Well, you could ring anybody's bell and get what you want

See, it's easy to ignore trouble

When you're living in a bubble

So what are you gonna do

When the world don't orbit around you?

So what are you gonna do

When nobody wants to fool with you?

Ain't it fun

Livin' in the real world?

Ain't it good

Bein' all alone?

~ Paramore, "Ain't It Fun" (2014)

Colonel Nathan R. Jessup on denial

You can't handle the truth!

~ Colonel Nathan R. Jessup (Jack Nicholson), A Few Good Men (1992)

Richard Bernstein says investors are in "denial" about bull market

Markets go through four phases. The first phase is a period of denial, where people say, it can't happen (stocks rising despite risks), it won't happen, and if it's happening it can't continue. That's where we are in the U.S. The second phase is acceptance, like OK, I should probably be (buying stocks). The third is what I call the brave new world, things are never going to change, everything is wonderful. The fourth phase is the bear market.

In the U.S. we're in phase one. The fact that the stock market is up more than 80% from its trough, and people refuse to believe that there's actually a bull market underway, reflects that we are in the denial phase.

~Richard Bernstein, CEO and CIO, Richard Burnstein Advisors, "Experts agree: Get over your fear and get back into stocks", USA Today, December 17th, 2010

Aldous Huxley on denial

Facts do not cease to exist because they are ignored.

~ Aldous Huxley