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This article was written by Tim Scala, President of TRCI.
Although we tend to forget it at times, financial markets are, for the most part, made up of humans expressing collective opinions about group behavior.
This group concept also extends to our ability to adapt to changes and, over long enough time periods, a willingness to accept an odd, even abnormal environment, as simply business as usual. As observers of financial markets, it’s often worthwhile to step back and examine the landscape as a way to determine how rational or irrational they are behaving…kind of a market reality check, ... (read more)