11-3-25 Investor Dilemma: Pavlov Rings the Bell
2025-11-03
Are today’s investors psychologically conditioned to buy every market dip—no matter the risk?
Lance Roberts explores the “Investor Dilemma” through the lens of Pavlov’s classical conditioning, revealing how years of Fed interventions, liquidity injections, and momentum rallies have trained investors to respond to volatility like Pavlov’s dogs to a bell.
#InvestorDilemma #BehavioralFinance #MarketPsychology #BuyTheDip #FinancialEducation
CAPE Valuations: Does Nvidia Overstate Its Ominous Warning?
2025-10-29
As equity valuations approach the record highs of 1999, investors are growing anxious. This unease is partly driven by the media issuing grim warnings, often based in part on CAPE valuations. Consider the following headlines and their summaries. The graph shows the S&P 500 and CAPE since 1920. Given how the market performed after the …
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