animal spirits

Instinctive market optimism

Animal spirits refers to natural exuberance, vitality, or instinctive optimism—the energy that drives action before rational calculation kicks in.

The phrase comes from an old theory that a subtle fluid animated the body.

In economics, Keynes used it to describe the confidence or pessimism that influences business decisions beyond what data alone would justify: The market rally was driven more by animal spirits than fundamentals.

vitality

energy

Power to do work

vivacity · liveliness · zest · verve · ebullience · buoyancy · effervescence · pep · brio · sparkle

economics

bullish

Expecting market gains

Keynes · speculation · investment · market · boom · crash · recession · inflation · bubble · irrational

instinct

primal

First in origin

urge · drive · passion · spontaneity · wildness · irrationality · visceral · unrestrained · raw · primitive

Categories
Opposites
emotional state/energy

animal spiritslethargy

Abnormal drowsiness and apathy

listlessness · torpor · dejection · despondency · apathy

economic/decision-making mode

animal spiritsanalytical thinking

Systematic examination of parts

risk assessment · due diligence · cost-benefit analysis

attitude toward risk/action

animal spiritsrisk aversion

Preference for certainty

caution · timidity · hesitancy · paralysis · pessimism

Family

spirit, animal, animals, animated, animation, animate, animating, inanimate, animator

Familiarity
Top 50,000
Profile
Used worldwide · Timeless · Abstract · Rated G