Your Almost Daily Bit of Wall Street Wit & Wisdom


h/t Chad Batka and Celeste Sloman for The New York Times

“Above all else, in other words, the stock market is people.  It is people trying to read the future.  And it is this intense human quality that makes the stock market so dramatic an arena in which men and women pit their conflicting judgements, their hopes and fears, strengths and weaknesses, greeds and ideals.”
— Bernard Baruch

Even in these days of computer-driven algorithmic trading, our study of the character of the behavior of market price movement reveals the human behavior of buying and selling that ultimately drives direction.

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