Catharsis
Source: http://randomroger.blogspot.com/2008/09/catharsis.htmlPosted on Monday, September 15th, 2008 | In Market Commentary
Contributed by: Roger Nusbaum (http://randomroger.blogspot.com) -
For anyone picking up this post from a feed or content aggregator the word catharsis in the title is struck out as the current action is neither cathartic nor cleansing, at least not right now.
As I type this the SPX is down 40 points which isn’t even the largest point decline this month. Maybe my thinking is off but the issue I am trying to raise is that the decline today after Lehman’s failure may not be large enough for people to freak out, I’m talking about people that don’t follow the market as closely as someone inclined to read a blog.
If I am wrong then ok but people have seen declines of today’s magnitude several times this year. I’m not sure that yet another 3% drop triggers panic.
Last 5 posts by Roger Nusbaum
- The Big Picture for the Week of November 15, 2009 - November 14th, 2009
- Process Drilldown - October 23rd, 2009
- Sunday Morning Coffee 10-18-09 - October 18th, 2009
- A Little Followup From This Morning - October 8th, 2009
- Wednesday Roundup - October 7th, 2009
 About Roger Nusbaum (http://randomroger.blogspot.com)
Roger Nusbaum is a portfolio manager with Your Source Financial of Phoenix, and the author of Random Roger's Big Picture Blog, which has been profiled in several top business publications, including Barron's and Forbes. Nusbaum has also been a financial consultant with Morgan Stanley, an investment counselor with Fisher Investments and an institutional equities and options trader with Charles Schwab. He holds a bachelor's degree in economics from San Diego State University |
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