Sunday, Aug 26, 2007
Herd mentality and sentiment
The New York Times: A Psychology Lesson From the Markets
IT is no surprise that the Federal Reserve’s discount rate cut has not entirely reassured investors. The Fed can stop a run on the banks, but it cannot control the speculative cycle — a cycle built on psychology and misperceptions that has been sweeping much of the world for the last 10 or 12 years.
Posted by mr crabs @ 01:36 AM (257 views) Add Comment
1 Comment
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1. Kaitain said...
That is a great article.