Observations on
Psychology and the Markets
I wrote an article for seeitmarket.com on the Utilities sector, highlighting five key stocks to watch in the space. While we're often drawn to the stocks and sectors making headlines, sometimes the best ideas are out there in unexpected places!
When I saw this Bloomberg article on bubble conditions, I immediately thought of last weekend at the Behavioral Finance Symposium in San Francisco. I helped run a workshop on the relationship of behavioral finance to trading and technical analysis...
Three things bothered me about this article about the Hang Seng selling off one day. First, why does there always have to be a reason for the market to sell off?...
I recently attended the 30th annual conference for the International Federation of Technical Analysts (IFTA). The IFTA Conference is held in a different location every year, and this year's event brought us all together in beautiful Milan.
I was honored to receive the Mike Epstein award last week in New York from the MTA Educational Foundation. This is an award given "for support of the MTAEF mission, and being an outstanding advocate of Technical Analysis."
As the equity markets continue to new highs, I'm reminded of Do Something Syndrome and the dangers of impatience. When your stocks are working, and charts are going up and to the right, why are you so compelled to mess it up?....
"Honey, when does that orb ever glow anything but orange?" This is how my wife entered my home office this morning. She was referring to my Ambient Orb, a gift she gave me years ago to make my office a little more colorful...
I recently came across a 1976 interview with Ben Graham for the CFA journal. It was very interesting to hear his reflections on the financial industry in his twilight years. What struck me was his thinking on simplifying the investment process and a somewhat cynical view on the industry and its participants.
