A long time ago, someone remarked about the movie The Exorcist, 'A little girl spews some pea soup and talks in a deep voice and everyone is ready to believe in the existence of the devil.'
So, are folks prone to weighing negative news more heavily than positive news? Are there separate "market psychologies" that develop, during bear and bull markets? Is there something more real about negative assessments during a 'negative time' than during a 'positive time'.
It does seem there is some evidence of .... inefficiency.
Thursday, November 6, 2008
Is Negativity "More Real" than Optimism?
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