Retail Investors, Loss Aversion, and The Fear of Missing Out (“FOMO”) Being a good contrarian, let me toss this one out there: skyrocketing stocks may go higher yet from here. In fact, I see two factors fueling further gains, at least in the short run: One. “The Headline Factor” & (some) retail investors’ Fear of...Read More
“Can’t Sell” vs. “Won’t Sell” Much attention has been paid to all the homeowners who want to sell now but literally can’t afford to, because they owe more on their mortgage than their home is worth (in Realtor’s parlance, they’re “underwater”). Unless they can get the bank(s) to reduce their principal or simply default, they...Read More
