Investor Sentiment and the Business Cycle

Nice way to show how the investor sentiment cycle lags behind the business cycle, yet manages to follow it . . .

 

Source: Dunno where exhibit 15.1 came from, if anyone can help that would be appreciated, but I saw it via Twitter

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  1. howardoark commented on Oct 6

    Investor Behavior: The Psychology of Financial Planning and Investing
    By H. Kent Baker, Victor Ricciardi

  2. howardoark commented on Oct 6

    It’s Chapter 15 of the book – this blog is referenced on page 451.

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