AAII Investor Sentiment (bullish Investors LOW @ 20%) versus Greece discussions, June 2015
in this context the short BBC-article should be mentioned, where the German Chancellor Angela Merkel has warned that time is running out for a deal to keep Greece in the eurozone. Speaking after the G7 summit in Germany, she said Europe would show solidarity but only if Greece "makes proposals and implements reforms". Earlier, Greek Finance Minister Yanis Varoufakis said it was time to stop finger-pointing and find an agreement.
source on the Greece-topic and short video: http://www.bbc.com/news
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AAII Investor Sentiment (June 2015)
My Input with referring to articles of other authors (11th June 2015):
Contrarian investors should pay particular attention to the unusually low bullish reading in last week’s survey. There are about 160,000 AAII members. The typical member is a male, with a bachelor’s or graduate degree, and is in his mid-60s. The median portfolio size of members is just over $1 million.That makes the AAII Sentiment Survey a good proxy for the mood of the typical affluent retail investor.
Put simply, retail investors, as a group, tend to be very bad at timing the ...
Some of us are highly loss averse, but in general we’re all averse to losses to some degree. Empirical estimates find that losses are felt between two and two-and-a-half as strongly as gains. Thus the disutility of losing $100 is at least twice the utility of gaining $100. Evenutally loss ...
Anchoring (heuristic)
Anchoring is a particular form of priming effect whereby initial exposure to a number serves as a reference point and influences subsequent judgments about value. The process usually occurs without our awareness (Tversky & Kahneman, 1974), and sometimes it occurs when ...