“You can’t eliminate tidal ‘lunatic’ biases. They make folks bullish at tops and bearish at lows.”
— Chris Carolan, @spiralcal, spiralcalendar.com
Psychology plays an enormous role in markets. Traders and investors struggle to get a handle on their biases.
Failure to check your built-in biases can trip you up in and out of the market. They can flare up at inopportune times in many of your decisions, from the grocery store to the voting booth.
Often we’re unaware of outside forces exerting influence on human activity. Don’t be surprised when major world events and market turning points coincide with key cycle dates. After all, look at what the root of the word “lunatic” is.
Wishing you a safe and sane start to your week.