Mooving The Needle

Mooving The Needle

Originally shared by Robert Rambusch

Special snowflakes - bovine edition

"Market tops and market bottoms are fundamentally herd behavior. And while I'm sure that every cow in the herd feels that she is special, just a little bit more insightful than the average cow, collectively they are a bovine mass." -- Megan McArdle

http://www.bloombergview.com/articles/2015-08-24/you-can-t-time-the-market

Comments

  1. Donal von GriffynAugust 25, 2015 at 2:45 PM

    Buy orders are placed, I'm just waiting for a bunch of stuff to hit a reasonable bottom. Smart people love these market actions, emotional people lose their shirts.

    ReplyDelete
  2. Rick Wayne (Author)August 25, 2015 at 2:47 PM

    Does anyone have a sense of how much of this is algorithmic? I don't follow the news. I got out of the market this past spring.

    ReplyDelete
  3. Robert RambuschAugust 25, 2015 at 2:53 PM

    Donal von Griffyn Another "special cow" heard from? ;-)

    ReplyDelete
  4. Donal von GriffynAugust 25, 2015 at 3:22 PM

    Rick Wayne It's all algorithmic.

    People who take the market seriously are suckers. Greedy people lose in the market, which is why I havn't held any stocks for 6 months. Everything was still going up, but the small gains weren't worth the risks with so many triggers at play. Learn your algorithms and none of this is the least bit surprising.

    I never take part in the topping or bottoming, but rather ride the momentum between.

    ReplyDelete
  5. Tim O'BrienAugust 25, 2015 at 4:13 PM

    The stock market is only as rational as your average stockholder. Meaning, not very.

    ReplyDelete
  6. Donal von GriffynAugust 25, 2015 at 5:51 PM

    Tim O'Brien has it exactly right.  Luckily, a bit of psychology and the herd is easy enough to predict.

    ReplyDelete

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