Your Almost Daily Bit of Wall Street Wit & Wisdom

herd mentality

Bullish herd mentality, h/t B. Rich / Hedgeye

“Irrational behavior is, ironically, the most predictable behavior.”
— Chris Carolan, @spiralcal

The human behaviors of buying and selling drive market price movement.  Human behavior is often emotional and a herd mentality can kick in.

Market price tends to climb a “Wall of Worry” and slide down a “Slope of Hope.”

You saw it last week, the previous week, and you’re seeing it this week.  You’ll likely see it over the weeks ahead, as well.

Best regards,

Steve

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