Once again, stock markets have been threatened with extinction for almost 75 years, and I have found that stock markets are harder to kill than roaches.
Sentiment: NEGATIVE
Markets are lethal, if only because of ignoring externalities, the impacts of their transactions on the environment.
Fear tends to manifest itself much more quickly than greed, so volatile markets tend to be on the downside. In up markets, volatility tends to gradually decline.
People often panic when the markets go down and sell off their stocks - but then they aren't in the game when the markets are doing well.
Markets as well as mobs respond to human emotions; markets as well as mobs can be inflamed to their own destruction.
The stock market can be down, but the stock market is not an indication of where people's spirits and enthusiam are, and where their intellectual energy is.
We say, 'The market plummets,' like it's some roaring creature.
I think businesses live longer that are on the stock market.
Cause and effect, the riddle of all history, is a particular devil in financial history; and never more so than today, where entire classes of security are collapsing not on public exchanges and stock-tickers but because there are no markets to establish prices this side of nothing.
It's only when the markets are perceived to have exhausted themselves on the downside that they turn. Trying to prevent them from going down just merely prolongs the agony.
What we need to understand is, one, that there are market failures; and two, that there are things like asset bubbles and irrational exuberance. There are periods of booms, bubbles, and manias. These things, if left to themselves, can lead to crashes, to busts, to panics.
No opposing quotes found.