Search Results for: "behavior"

Some Things About the Markets That Will Never Change

This is the craziest market I’ve ever seen. The pandemic somehow turned a bunch of people into day traders.  At first they were buying beaten-down airline and cruise stocks. Now they’ve moved on to buying shares of companies that have filed for bankruptcy. Hertz, JC Penney, Pier 1, Chesapeake Energy and GNC have all filed…

The Craziest Charts of the Year (So Far)

The consensus from economists for this week’s employment report was a payroll decline of 7.5 million employees, which would translate into an unemployment rate of 19.1%. Based on everything we’re hearing and seeing in the economy and economic data throughout the pandemic, this seemed like a decent estimate of what was to come. To quote…

Why Bad is Stronger Than Good (There is No Opposite of Trauma)

“A spoonful of tar can spoil a barrel of honey, but a spoonful of honey does nothing for a barrel of tar.” – Old Russian Saying In his heyday, David Letterman was a celebrity to celebrities. Every comedian on the planet has a podcast now and the ones from a specific era mention making it…

It’s Just Another Manic Market

In February the S&P 500 fell more than 8%. Not to be outdone, March was one of the worst months in market history, dropping more than 12%: Just to keep investors on their heels, April followed up one of the worst months in history with one of the best ever: To recap: Nasty month in…