Let’s imagine you have just opened and read an email from the stock picking newsletter you subscribe to and see a buy alert for your “favourite” stock. The company is planning to announce its earnings to the market within the next 10 days, and it now has a ‘buy’ recommendation based on a potential positive…
Gary’s Comments The world is once again abound with negative economic news in both the USA and in Europe. These factors are obviously weighing heavily on equity markets which have seen falls around the world from 6% to 14% since early to mid April. Equity indices around the world are stretched on the downside in…
The last journal post spoke about 2 psychologists, Amos Tversky and Thomas Gilovich who in the 1980’s began sifting through shooting statistics from the Philadelphia 76ers – a US basketball team. The psychologists looked at every single shot taken by every single player, and recorded whether or not that shot had been preceded by a…
Earlier last week Gary joined Julia Lee from Bell Direct on Sky Business Channel’s ‘Your Money Your Call’. Julia and Gary opened the show by analyzing the Australian market’s direction following the recent 7.7% decline, which has occurred over the last seven weeks, and the 78.6% retracement of the gains since the last high on…
Let me tell you about a classic psychological study that I found online and has important insight for us as traders and investors. In the early 1980s, two psychologists Amos Tversky and Thomas Gilovich began sifting through years of statistics from the Philadelphia 76ers – a US basketball team. (Amos Tversky is well known for…
