In market action yesterday, stock prices fluctuated—a development that shocked market observers who noted they hadn’t seen anything like that since the day before.
“It was yet another day when the sellers showed their hand, but buyers were hard to find,” said technical analyst Josephine Grandville, who has long struggled with the notion that every share sold is bought by someone.
Other facetious quotes are from“All this is setting us up for a vicious bear market,” reckoned Margaret Wolf, manager of the Perennially Bearish Fund, who—while convinced of the market’s ultimate direction—declined to specify when the downturn might occur, thus preserving her unassailable record as a forecaster.
market strategist Ross Nodamus, who sits anxiously by his phone every market close, hoping some reporter will call and ask him to opine
hedge fund manager Rob M. Blind
bond fund manager Rusk de Fawlt
The takeaway is these would be less amusing if the quotes were not so near the truth about how daily stock market news is presented (and that we BHs should ignore).
At the Humble Dollar site, the July 26 article by Adam Grossman shows how index investing has been advantageous in the pandemic.