peoples perception of the market.

  1. 505 Posts.
    One thing that never ceases to amaze me is the sheep mentality of people. Here we are, the smartest (apparently) creature on this planet, the maker of our own destiny, yet a lot of us cant make a decision or have an opinion that doesnt follow the herd. My case in point is the current sentiment in regard to the current bear market. It was only 12 months or so ago that the catch cry was "commodity super cycle" or "market super cycle", the belief that the up and down trend that has happened over history is no more, just a 20 year bull market. Unfortunately it wasnt just the average punter pushing this, a lot of so called experts were also on this bandwagon.
    Now we have more of the same, but the opposite end of the spectrum. "dow to go to 400", "depression worse than the 30s", "end of the financial world as we know it".

    I have come to the conclusion that just as the market overshoots high and low, we as humans do the same, but on an even greater scale.

 
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