Comments on: Everybody down Insights behind the investment headlines Wed, 16 Nov 2016 21:43:49 +0000 hourly 1 By: Goyle Wed, 04 Mar 2009 15:50:22 +0000 In the Globe and Mail, Brian Milner assails “the professional purveyors of doom and the opportunistic politicians who, to paraphrase an aide to U.S. President Barack Obama, consider a crisis of any kind a terrible thing to waste.” Milner warns us against “a psychological phenomenon known as the Recency Effect”:

“When you reach extremes, emotion causes people to justify a continuing trend and ignore history and long-term data,” says SMU finance professor Brian Bruce.

Via news.asp

How much of an effect do you think this is having on downward pressure?