{"id":26800,"date":"2017-10-13T19:03:47","date_gmt":"2017-10-14T00:03:47","guid":{"rendered":"http:\/\/olduvai.ca\/?p=26800"},"modified":"2017-10-13T19:03:47","modified_gmt":"2017-10-14T00:03:47","slug":"the-curious-case-of-missing-the-market-boom","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=26800","title":{"rendered":"The Curious Case of Missing the Market Boom"},"content":{"rendered":"
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The Curious Case of Missing the Market Boom<\/a><\/span>\u00a0<\/span><\/h3>\n<\/div>\n<\/header>\n
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\nRembrandt Old man with a beard <\/b>1630<\/center>\u201cThe Cost of Missing the Market Boom is Skyrocketing\u201d, says a Bloomberg headline today. That must be the scariest headline I\u2019ve seen in quite a while. For starters, it\u2019s misleading, because people who \u2018missed\u2019 the boom haven\u2019t lost anything other than virtual wealth, which is also the only thing those who haven\u2019t \u2018missed\u2019 it, have acquired.<\/p>\n

Well, sure, unless they sell their stocks. But a large majority of them won\u2019t, because then they would \u2018miss\u2019 out on the market boom\u2026 Some aspects of psychology don\u2019t require years of study. Is that what behavioral economics is all about?<\/p>\n

And it\u2019s not just the headline, the entire article is scary as all hell. It reads way more like a piece of pure and undiluted stockbroker propaganda that it does resemble actual objective journalism, which Bloomberg would like to tell you it delivers. And it makes its point using some pretty dubious claims to boot:<\/p>\n

The Cost of Missing the Market Boom Is Skyrocketing <\/a><\/p>\n

Skepticism in global equity markets is getting expensive. From Japan to Brazil and the U.S. as well as places like Greece and Ukraine, an epic year in equities is defying naysayers and rewarding anyone who staked a claim on corporate ownership. Records are falling, with about a quarter of national equity benchmarks at or within 2% of an all-time high. <\/i><\/p><\/blockquote>\n

If equity markets in places like Greece and Ukraine, ravaged by -in that order- financial and\/or actual warfare, are booming, you don\u2019t need to fire too many neurons to understand something\u2019s amiss. Some of their companies may be doing okay, but not their entire economies. Their boom must be a warning sign, not some bullish signal. That makes no sense. Stocks in Aleppo may be thriving too, but\u2026<\/p>\n

…click on the above link to read the rest of the article…<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The Curious Case of Missing the Market Boom\u00a0 Rembrandt Old man with a beard 1630\u201cThe Cost of Missing the Market Boom is Skyrocketing\u201d, says a Bloomberg headline today. That must be the scariest headline I\u2019ve seen in quite a while. For starters, it\u2019s misleading, because people who \u2018missed\u2019 the boom haven\u2019t lost anything other than […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[83,8435,5822,124,212,9307,506,13924,670,5177,5892],"class_list":["post-26800","post","type-post","status-publish","format-standard","hentry","category-economics","tag-bloomberg","tag-boom","tag-cape","tag-central-banks","tag-dollar","tag-earnings","tag-markets","tag-raul-ilargi-meijer","tag-recovery","tag-the-automatic-earth","tag-valuation"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/26800","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=26800"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/26800\/revisions"}],"predecessor-version":[{"id":26801,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/26800\/revisions\/26801"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=26800"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=26800"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=26800"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}