|
PureBytes Links
Trading Reference Links
|
You might want to ask also at, or join, behavioral-finance@xxxxxxxxxxxx
It's one month old with 150 members, 110 messages and some pretty
knowledgable folks.
Russ
>From: Raymond Hodge <rphodge@xxxxxxxxxxx>
>Reply-To: rphodge@xxxxxxxxxxx
>To: <realtraders@xxxxxxxxxxxxxxx>
>Subject: [RT] Re: GEN:Mob Psychology on Wall Street
>Date: Thu, 08 Jun 2000 20:52:20 -0500
>
>Does anyone know how to get a hold of this Journal of Psychology and
>Financial Markets?
>
>Years ago I use to follow the academic finance journals (Journal of
>Finance, etc. etc.) But they got so ridiculous with all of that efficient
>markets blather that I took them all out back and shot them.
>
>I wonder if this psychology stuff might at least be trying to come from the
>right planet. Not expecting much mind you, I mean if they could trade, why
>write articles? Still I have to have something to read??
>
>Also, I've heard of a Behavioral Finance journal. Anyone know how to get
>any of them?
>
>Why would anyone think that behavioral psychology as it relates to market
>behavior is noise? Who could possibly believe that market player behavior
>has anything to do with a math equation?
>
>We may try to model it that way, but let's not loose sight of the forest
>for the trees. The greatest majority are emotionally motivated/driven. At
>least that portion that even bothers to think at all about what they are
>doing with their capital. IMO.
>
>Thanks in advance for any leads,
>Ray Hodge
>
>
>>A lot of what I'm going to copy came from, Forbes Magazine, May 15, 2000
>>issue.
>>
>>Page 180
>>" The Journal of Psychology and Financial Markets, the first academic
>>journal devoted to investor psychology, warns in its March debut issue:
>>" People do not behave as gas molecules," namely as independent actors
>>making individually random movements that are collectively predictable.
>>No, investors act more like herds of agitated animals."
>>
>>Another concern is how will investors act, the ones that didn't
>>experience the 1973-1974 crash??
>>
>>This part of the article I disagree with:
>>
>>They buy on dips. That explains the quick recovery from the August 1998
>>spill. ---I disagree with this, for that, the Fed. Lowered interest
>>rates which created the big boom and to try and save the President of
>>the US during the impeachment process. IMO.
>>
>>" But what if stocks fell 50% and sat there for three years?"
>>
>>TradeWell,
>>Joe Frabosilio
>
>
>
________________________________________________________________________
Get Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com
|