Deeply Oversold Bounce, Not Green Shoots
July 6th, 2009
| Categories: Market Minds, The Big Picture
Michael (Jeff Goldblum): I don’t know anyone who could get through the day without two or three juicy rationalizations. They’re more important than sex. Sam (Tom Berenger): Ah, come on. Nothing’s more important than sex. Michael : Oh yeah? Ever gone a week without a rationalization? - The Big Chill > You can never underestimate the absurdity of the after-the-fact rationales people come up with to explain and justify market action. Why? Us primates seem to prefer narratives over numbers; We like a good story, the preference is for anecdotes over data, for a “feel good” explanations as opposed to cold hard facts.
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Deeply Oversold Bounce, Not Green Shoots
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