Stock markets are emotional discounting mechanism

November 30th, 2011|by Michael Ashley Schulman, Perspectives, The Big Picture|

Stock markets are emotional discounting mechanisms, particularly during times of crisis. Nevertheless, underlying economic conditions move much more slowly than emotions. This is why investors need to keep a sense of perspective at times when stock prices are falling. If the U.S. avoids a double dip recession and China glides into an economic soft landing, […]