Tuesday, January 20, 2009

Herd

You've heard of the herd mentality - people behaving as one because they are part of a large herd. Like a game of follow-the-leader. Today, the market behaved badly. It was down 300 points for no good reason other than that everyone thought it was a great time to sell. Tomorrow, it will be a great time to buy. The market keeps hitting bottom (7900) over and over again. The only reason is a lack of courage and an abundance of fear - too much caution, if you prefer. This woman would probably not want to be seen in the company of timid investors. PLEASE. Snap out of it.