Investors Cannot Think for Themselves (Jun. 2010)
From February through May, the Dow Jones Industrial Average gained more than 1000 points in an almost uninterrupted daily march upward. Then came the "flash crash" of May 6 and day after day of losses through May. Now, in mid-June, the market has been up six of the past seven days.
What accounts for these sudden moves? Why do investors so often seem to resemble a school of fish, all changing direction together?
Find out the answers at http://tinyurl.com/bfm-nwslet-Jun2010-Individual