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Irrational Markets -- Fearful Imaginations 'Working Overtime'?
October 10, 2008 10:31 AM
What's going on with the markets? In one year the stock market has dropped almost 40%...20% since the beginning of the month. A lot is being written about fear. Moments ago President Bush addressed this saying "anxiety can feed anxiety" making it hard to see what's being done to right things. Is the fear out there founded? Or has fear taken on an irrational life of its own? USA Today spoke with a Professor at MIT who has studied fear, reasoning and the markets.
USA Today: "What we're scared about is not the bad news. It's rather the news that we haven't gotten yet. And human imagination is nothing if not limitless in its ability to create disastrous scenarios," said Andrew Lo, a finance professor at MIT's Sloan School of Management. "Right now, everybody's imagination is working overtime."
October 10, 2008 in Economy | Permalink | Share | User Comments (10)
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McCain's solution
Lets talk about William Ayers.
Yeah that will calm the markets.
Posted by: Omentum | Oct 10, 2008 10:40:43 AM
Kind of like when the word SNOW is mentioned down here and all the bread and milk fly off the sehlves.
Posted by: Jenny Rome Ga | Oct 10, 2008 10:46:38 AM
It's all in your head. A 'mental recession', if you will.
Quit being a nation of whiners!
Posted by: Joe Six-Pack | Oct 10, 2008 11:01:30 AM
msssmith....said
The reason you don't know about her Palin)connections to radical groups is b/c she doesn't have any -
Oh really? what about the radical group in Alaska her husband joined? She spoke there many times and told them to keep up the good work.
Didn't they want to suceed from America? And didn't their leader say, " I hate the institutions of America?"
You live in your own little shell.
Posted by: cindyct | Oct 10, 2008 11:02:24 AM
Joe-six-pack....GOOD ONE!!
Posted by: formerhillary | Oct 10, 2008 11:03:16 AM
I think George Soros is working over time this year.
The man who has broke many nations banks.
Has the knowledge and the funds to play havoc with the stock market is playing them for a purpose. If he is not his money is by a third party.
Posted by: seah | Oct 10, 2008 11:09:04 AM
That's the reflection of an upcoming rotten president - full of association with corruption, deception and terrorism.
Posted by: Obama-Yah-Wright | Oct 10, 2008 11:22:58 AM
ACORN - dead people, multiple registrations for the same person,
a cat's name, telling the homeless who
to vote for and bribing them with
cigarettes and things like that -
WHAT SHOULD THEY DO?
Keep the names on the books?
Purge those names?
Posted by: keep or purge? | Oct 11, 2008 1:07:38 AM
I get it now. Big boys get caught and lose the gamble, get rescued by tax payers and now must be smiling as tax payers panic, and are blamed for only hurting themselves. What a concept! Isn't it the govt which basically requires putting retirement money in stocks, and taxes to death any early withdrawals? What's a
citizen to do?
Watch and listen! A new face appears.
Posted by: betsy | Oct 11, 2008 10:12:23 AM
Who were the 'big boys'. Fannie/Freddie/Lehman/ACORN -
the list goes on.
The problem was in the fine print;
ballooning interest rates; people who
wanted a house (I do NOT blame them,
it's very understandable). However,
you see the end results. What good was
it 'owning' a house for a very short
time and never really had a chance to
really own it. Those poor people who
lost their homes were set up for failure by those 'big boys'. Pres.
Bill Clinton stated that he put the
blame mostly on Barney Frank (that's a
quote from Bill Clinton). Who backed up
Barney Frank? Sen. Obama.
Sen. Obama might be teflon now.
But Gotti used to be call the 'teflon
don'.
Something will stick to Obama. I bet
it will be the ACORN issue.
Posted by: teflon ally | Oct 11, 2008 1:00:29 PM
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