Bubbles, Coils and Crashes
Source: http://www.investmentpostcards.comPosted on Friday, September 5th, 2008 | In Market Commentary
This post is a guest contribution by Bennet Sedacca*, President of Atlantic Advisors Asset Management
You know what they say, the more things change, the more things stay the same.
I like to point out “bubble comparison charts” because it goes to show that human beings are an emotional bunch. I like to call the parabolic moves upwards in stocks and indices, “1-800-GET-ME-IN”. Whether it is tulip bulbs in the 1700’s or the NASDAQ in the late 1990’s, the ugly emotion of greed sets in once a really big move in the price of a security gets going. This always makes me laugh because when I think about people buying truly important assets like a car or a house, they are always looking for a “deal”. But there is something about missing out on the big move. I will update a few of my bubble comparison charts from the past to drive home the point that greed, and then fear, is alive and well on Wall Street, and in fact, most corners of the world. Then, on to Coils and Crashes.
Click here for Bennet’s full report.
* President of Atlantic Advisors Asset Management, Bennet Sedacca brings with him more than 26 years of securities industry experience. From 1981 to 1997 he worked for several major investment banks, specializing in high-grade fixed-income securities marketing, trading and portfolio management. While working for PaineWebber as a Senior Vice- president, Bennet was a member of the Chairman’s Council for four consecutive years. During his years with Salomon Smith Barney as a Vice-president, he established an institutional fixed income presence in Central Florida.
In 1997, Bennet formed Sedacca Capital Management focusing on portfolio management for high-net worth individuals and small to mid-sized institutions. He is also a contributor to the financial website, www.minyanville.com and is regularly quoted in Wall Street Journal Online, Barron’s and Bloomberg.
Bennet graduated from Rutgers University in 1982 with a degree in Economics and was a member of the International Honor Society of Economics.
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1-800-GET-ME-IN, Atlantic Advisors Asset Management, Bennet Sedacca, bloomberg, International Honor Society of Economics, Market Commentary, PaineWebber, Rutgers University, Salomon Smith Barney, Sedacca Capital Management, Wall Street Journal Online, Wall Street Journal, www.minyanville.com
 About Prieur du Plessis (http://www.investmentpostcards.com)
Prieur du Plessis has 25 years’ experience in professional investment research and portfolio management. More than 1,000 of his articles on investment-related topics have been published in various regular newspaper, journal and Internet columns. He has also published a book, Financial Basics: Investment. Prieur is chief executive and principal shareholder of South African-based Plexus Asset Management, which he founded in 1995. The group conducts investment management, investment consulting, private equity and real estate activities in South Africa and other African countries. Plexus is the South African partner of John Mauldin, author of the Thoughts from the Frontline e-letter, and also has an exclusive licensing agreement with California-based Research Affiliates for managing and distributing its enhanced Fundamental IndexTM methodology in the Pan-African area. Prieur is 52 years old and lives with his wife, television producer and presenter Isabel Verwey, and two children in Cape Town, South Africa. His recreational activities include long-distance running, motor cycling, traveling and reading. |
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