The Power of Fear in Financial Markets

Every few months to couple of years, a new conventional wisdom takes hold of the United States is in its final years. A significant amount of this is both fear and greed put together, which is a powerful combination. I think that's it's fatally flawed, but this is just an expression of greed and fear. And they put these two together and people commit tons of irrational deeds. So let's get into specific arguments here.