The ‘Ostrich Rally’ And The Stupidly Simple Factor That Makes Stocks Go Down Or Up
Economy • March 2011 • Views: 543
You remember the day of the flash crash: images of protests in Athens flashing on CNBC seemed to help drive the initial selling that got the dive really going.
Since then, intense imagery has been associated with market declines, and conversely, the lack of imagery has helped stocks gain, prompting what Art Cashin calls the “ostrich rally” in today’s note.
Harvard MBAs, and it all gets down to whether the book has lots of pictures.