Belmont Club

By Richard Fernandez

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Taleb’s warning

October 9, 2008 - 5:21 pm - by Richard Fernandez
geoff puterbaugh
2008-10-10 07:38:56

Why all the fancy pseudo-intellectual language?

“Housing bubble pops” is followed by a classic clash between the bulls and the bears.

Whatever Burke may have recommended to us, the stock market is ruled by two emotions: Fear and Greed.

Enough psychobabble about “linear” and “nonlinear systems.” Some people, driven by Fear, are dumping their stocks at a terrible moment; some others, driven by Greed, are sniffing around for bargains.