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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.
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. 
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