Securities
markets are generally erratic. However,
when you think about it, they really ought to be calmer than they
are.
Institutional
investors and
advisers are considered professionals.
They’re the experts
who 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 others of
the public, amateur investors who blindly follow the pros. However,
Wall Street "wizards" invariably act in a mob-like manner.
They
may still make their millions, simply because they are ensconced as
Wall Street inside players. (See the Earl J.
Weinreb NewsHole® comments and @BusinessNewHole tweets.)
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