New Column: Top 10 Myths of Tuesday’s Correction

Tscm_1 I’ll get some more color up on this later, but before I head out, I wanted to get this posted:

My Top 10 Myths of the Correction of 2007

1. Chinese regulators caused the meltdown

2. It was Greenspan’s fault.

3. Blame China’s market crash.

4. A Dow Jones Glitch caused the plunge

5. Prices Fluctuate
(And we got fluctuated pretty good)!

6. Stock prices will be higher six months from now.

7. Selloffs such as this are healthy.

8. The Fed stands by ready to cut if this gets much worse.

9. The market is not forecasting a weakening economy.

10. This had nothing to do with anything fundamental!

 There are specific details under each of the 10 points posted with the full column.


Top 10 Myths of Tuesday’s Correction, 3/2/2007 3:38 PM EST

Category: Economy, Federal Reserve, Financial Press, Markets, Media, Psychology

Top Ten Signs You Have A Bad Stockbroker

Category: Investing, Markets, Psychology

The Soothing Fed Balm

Category: Federal Reserve, Markets, Psychology

Traders and the Gold “Top”

Category: Commodities, Federal Reserve, Markets, Psychology

Microsoft Vista Sales Slip

Category: Digital Media, Technology, Web/Tech

Volatility ReAwakens

Category: Data Analysis, Markets, Psychology, Technical Analysis


Category: Markets, Psychology, Trading

China’s Market Cap? Don’t Ask!

Category: Data Analysis, Markets, Psychology

StandUp Economist: 10 Principles of Macro-Economics

Mankiw’s 10 principles of economics, translated for the uninitiated. Presented at the AAAS humor session, February 16, 2007. Transcript and additional details can be found here. Print version: Mankiw’s Principles #1. People face tradeoffs. #2. The cost of something is what you give up to get it. #3. Rational people think at the margin. #4….Read More

Category: Digital Media, Economy

Market Events & the Blogosphere

Category: Digital Media, Financial Press, Weblogs