Posts filed under “Psychology”

Chart of the Week: How Bullish Are Wall Street Strategists?

Business Week’s 2006-year end predictions are out, and they cover 75 or so Wall Street Strategists and Analysts. Over all, they seem to show a fairly bullish bias amongst the chattering pundits.


How Bullish Are Wall Street Strategists?
click for larger graph


Source: Business Week, Tim Iacono

As the graph above shows, the herding instinct is alive and well with the group clustered between 11-12,000 on the Dow, while advising 40-75% US Equity exposure. Note the outliers: 14,000/100% on the upside, and 6,800/15% on the downside.


Random Items:

Stocks ain’t cheap

Doom and gloom from a guy worth $2 billion…

Pros Say They Weren’t, Wrong — Just Early

Why Bernanke’s first year at the Fed could prove his

Great Expectations and the End of the Depression

The Grand Illusion: Discontinuance of M3

Silver to outperform gold, says Barclays


Quote of the Day:

"Courage is not the lack of fear. It is acting in spite of it."

~ Mark Twain

Category: Investing, Psychology

Careful with Contrary Indicators

Category: Psychology

The Long Tail of Language

Category: Psychology

Goldilocks Economy? Hardly.

Category: Economy, Media, Psychology

Headlines versus Underlying Data, part II: Rare Rational Realists?

Category: Economy, Psychology

Vanguard: Nest Eggs Lack Attention and Diversity

Category: Investing, Psychology

Mixed Confidence

Category: Psychology, Retail

Apprenticed Investor: There Are No Shortcuts

Category: Apprenticed Investor, Investing, Psychology

WSJ: Housing Market Shows Further Signs of Cooling

Category: Psychology, Real Estate

What Moves Markets?

Category: Psychology