Erratic Securities Markets

Securities markets are generally rash and erratic. But when you think about it, they really ought to be calmer than they are.

Institutional investors and their advisers are considered professionals. At least, that is what the media tells us about experts who frequent Wall Street.

They account for at least 80% and, some days more, of all trades and activity. Why then should the markets behave so erratically?

These pros ought to know what they are doing, unlike the other 20% or so of the public, amateur investors who blindly follow the pros.

However, Wall Street "wizards" invariably act in a mob-like manner and not as experts. I have always said, there is a lot of sour skim milk masquerading as sweet cream.

They may still make their millions, simply because they are ensconced as Wall Streeters. Aren’t there major league ball players whose averages are in the dumps, but who still make millions each year? ( See the Earl J Weinreb NewsHole® comments.)