Tag

market psychology

Quote of the Week

Truer Words Were Never Spoken Written “Poor policy and incompetent leaders are creating massive systemic risks, and modern markets can concentrate and change their focus instantly ” for all the right reasons, for no apparent reason, or for some combination of the two.”  (my emphasis) –Paul Singer, founder of the $17 billion hedge fund Elliott...
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Price as a Function of Time

“For Sale” Homes, Wine, & First-Run Movies Some things become richer and more valuable with time. Fine wine. Love. Collectibles like antique cars or rare paintings. A home for sale isn’t one of those things. Rather, a home on the market is like a newly released movie. The most fanfare accompanies the “premiere,” when the...
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Big — and Little — Ticket Purchases

Recession, Uncertainty Hammer Big-Ticket PurchasesWhat to know what’s selling today? Not big-ticket items. On a scale of 1-10 (1 is the lowest, 10 is the highest), here is a shorthand — mine — for the magnitude of various consumer (and business) purchase decisions. Just like the Richter scale, this scale is logarithmic, kind of (8.0...
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