I was checking out some day-traders weblogs and asked a few of them how they were making out in today’s market action. Here’s the answer that I got from the vast majority of them [lyrics]:
Scary stuff.. just goes to show how speculative the market has become.
speculation
Today’s Market Action
Are You an Irrational Investor?
Conventional economic theory holds that people act rationally and generally do what’s in their own best interests. However, theory and reality are often vastly different.
Some of the irrational behaviors (pdf) to which investors can fall victim are overconfidence, loss aversion, mental accounting and present-biased preferences. Almost everyone (including me), at one time or another, exhibits [...]
Safer Speculation
Although this blog leans towards discussing Wall Street, the stock market, the economy, and other financial topics, my “About My Blog” link details the usually “rational” approach that I use to limit my risks when it comes to my own personal stock market speculations.
This morning I read an article posted on Morningstar.com entitled: Speculate Without [...]
2007 In Review
While only a point-in-time measurement, for all of 2007, the Dow (^DJI) was up 6.4%, the S&P 500 (^GPSC) rose 3.53% and the Nasdaq composite (^IXIC) was up 9.8%. Small cap stocks (^SML) wound up losing about 1% for the year, and so far, the overall downturn has continued into the new year.
I mention this [...]
Getting Started
Following up from my old weblog, I’m still fully invested in cash (VMMXX) in all of my portfolios, and still waiting for the stock market to fall.
I’ve been anticipating a stock market crash and economic recession for a while now based on the inverted yield curve theory, and have predicted that it will occur before [...]
Market Capitulation
The House of Representatives surprisingly rejected the current version of the Wall Street bailout plan today and the markets reacted accordingly.
The Dow Jones Industrial Index and S&P 500 Index both closed today with their worst point drop EVER. The S&P 500 also ended the day with it’s largest percentage loss since the 1987 Black Monday [...]