Why Securities Markets Are Erratic

                     

Securities markets are generally erratic. But 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 80%, and often more, of all trades and activity. Why then should the markets behave erratically? Pros ought to know what they are doing, unlike the other 20% or so of the public amateur investors.

                       

However, Wall Street "wizards" invariably act in a mob-like manner. They still make their millions, simply because they are ensconced as what I have described as Wall Street inside players. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)