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Jason Zweig: What Investors Can Learn From The Oil Bust
Yessir! "...The best way to raise your yield is not to buy what’s popular, but to wait until other investors are extrapolating misery — and then buy..."
behavioral economist Werner De Bondt found that investors incorrigibly project the recent past into the future. In one of his surveys, every 1% rise in the Dow over the previous week made people 1.3% more likely to be bullish on stocks over the coming six months. ( Would the1.3 % apply if the market was in reverse. I think not. Anyone care to venture a guess ? Derf
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( Would the1.3 % apply if the market was in reverse. I think not. Anyone care to venture a guess ?
Derf