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Matt's Market Insights


The downside bias remains strong and the mood of the market has noticeably changed. Nearly all support levels that were outlined on Friday have been violated, indicating a high probability of further short-term declines.


A concept often studied in psychology, and applicable to the markets, is the idea of self-fulfilling prophecies. This refers to a prediction that either directly or indirectly comes true as a result of a positive feedback loop between belief and behavior. It boils down to someone believing in an outcome to the extent that their behavior actually causes that outcome to manifest.


Here's a non-stock market example: Let's say a college football coach maintains the belief that his freshmen are uncoordinated and unskilled. As a result he is less likely to play them or invest time in adequately training and conditioning them. When he does finally play them, these athletes are likely to exhibit his anticipated behavior, confirming his ... Log in or subscribe to continue reading.

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