Stock market investors are optimistic by nature, and that is particularly true today as they have record exposure to equities and are employing many strategies and vehicles that could be deemed highly speculative. On the other hand, bond investors tend to be somewhat...
Markets are collections of people who are making buy and sell decisions that are frequently based on emotion rather than disciplined analysis. I have come to believe that understanding investor psychology is therefore more important than the number crunching that we learned in...
