ARE YOU COUNTING ON THE STOCK MARKET FOR YOUR FUTURE — TAKE A LOOK AT THIS 25 YEAR CHART FIRST $AAPL $AMZN $AMD $DJIA $FB $GOOG $INTC $MU $NVDA $SPX $SPY
They think stock prices will keep rising simply because they have been doing so for a decade
A majority of investors, including those on Wall Street, are suffering from recency bias. As human beings, most of us suffer from such a bias. What is it? It’s the presumption that whatever has been happening recently will continue to happen.
For a decade, the stock market has, more or less, gone straight up.
To balance recency bias, prudent investors ought to look at history to gain objectivity. Let’s explore the issue with the help of a 25-year chart.
Please click here for an annotated 25-year chart of S&P 500 ETF SPY which tracks the benchmark S&P 500 Index SPX.… Please click here or the title below to read more.
December 17, 2019