When we are facing unknown situations our brains will try to find similar situations and then use it to make decisions. This is called representativeness bias. It can be especially dangerous because we may miss some critically different situations that render the past situation useless for decision making. This applies
Tag: Technical Analysis
I've heard the phrase "new normal" a lot in the last two months. I'm sure you have too. Everyone is trying to figure out what "normal" will look like in the future and none of us really knows exactly what will have changed when the dust settles.
Obviously as someone
The S&P 500 went 42 days without a move of 1% in either direction and 51 without a 1% or larger drop, Friday brought the largest loss for stocks since the Brexit vote in June. Ironically that drop ended a 54 day streak without a 1% drop.