Football fans and investing pundits

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At the beginning of a football season, football fans blow everything out of proportion. One bad series by the defense is indicative of a whole season of woe and doom. Three touchdowns in the first half by the offense and suddenly the Super Bowl seems a mere formality.

It’s much the same with the vast majority of public conversation around the stock market from day to day. If you pay attention, you’ll see wide, emotional swings in what people say about the stock market and why it did what it did and what it means for what the market might do tomorrow.

So what I recommend is actually to not pay much attention to all the talk.

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