Why Investors Are Still In Denial
Man with fingers in earsgetty The market is always right, so they say – but sometimes, it takes a while to come to its conclusion. In extreme times – and these are an example – it can take people time to adjust to the new circumstances. Since the market is made up of people, it also takes time to fully price in what has happened and what is happening. A model for this is Elisabeth Kübler-Ross’s Cycle of Grief: Denial, Anger, Bargaining, Depression, and Acceptance. A quick dip into the...



