Traders Chase Fruitless Investments

The investing environment has become hazardous as data and anecdotes confirm that emotions and herd behavior is near a historic peak. This type of behavior creates momentum trading and once this momentum starts to fade for certain stocks, selling pressure can become extreme. When markets become dominated by momentum traders, the predictable result is near-vertical rallies followed by even faster crashes.

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Dan Amoss

Dan Amoss, CFA, tracks aggressive accounting and other red flags that markets miss. He’s a student of the Austrian School of economics and Daily Reckoning fan since 2000. Agora Financial relies on Dan for macro market commentary as well as profitable plays like his 2008 call to readers to buy Lehman Bros. puts, which...

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