And I always start with one of the most overlooked aspects of financial markets.
Despite all of the automation in the process, that stock market is still just a big ol’ fashioned auction.
A sophisticated multi-trillion dollar auction, but an auction nonetheless.
And anytime human beings are involved, emotions will arise.
The fact that market participants get emotional shouldn’t come as any surprise. We see emotional reactions pop up in lots of places – even in our hobbies.
Take football, for example.
Next week marks the start of the professional football season.
D.R. Barton, Jr.