Quantcast
Are you getting the best rate from your broker?
Compare your broker's rates now to find out if you can save money

Choose your broker below
Welcome to Dividend.com. Please help us personalize your experience.

Select the one that best describes you
ALERT

World's Medical Testing Leader Awarded High Rank in Best Dividend Stocks List

Dividend logo

The crazy thing about the efficient market theory is that so many rational people believed — as many still do — that markets are perfectly rational. Since markets are the venues where human beings conduct transactions, it would seem more rational to assume that markets are rational much of the time and irrational and emotional the rest of the time, just like the humans who are market participants.

I point to irrationality and emotion because they probably do more to explain the sizable losses and dramatic price swings of this miserable January than cold, hard reason. In fact, emotional swings between ebullience and pessimism probably explain more about market movements than all the sophisticated models the rocket scientists on Wall Street can construct.

To read the Full Story, Go Premium or Log In

Popular Articles

Premium Shutterstock 414234568
News

Watch What I Say Before You Buy

For investors, nothing provides more confirmation of their investment thesis than a team of...

News

Johnson & Johnson Increases Dividend by 5%

Each day, companies across the globe announce upcoming dividend payouts. In our Dividend Payout...

Premium Shutterstock 128065730
News

The Market Glance for May 22: Monetary Policy, Economic Data Pack One-Two Punch

With corporate earnings season winding down, investors are shifting their attention back to...