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Outcome Bias -YMMV

Our brains look for patterns especially patterns that appear to result in success. We assume that successful outcomes result from taking cer...

Saturday, February 24, 2018

Financial Armageddon...Not

"It really does now look like President Donald J. Trump. And markets are plunging. When might we expect them to recover? A first-pass answer is never."~ Paul Krugman, November 9, 2016

Here is the full editorial in the New York Times.


As I recall, the markets recovered by the open on November 9, 2016.  Since then, the stock market has reached record highs, advancing by 20+% in 2017.  


Glad I didn't listen and react.


When might we expect Mr. Krugman to publicly admit his error?  A first-pass answer is never :-)   


For more on Reflections and Musings, check back Saturday for a new segment.

This is not financial or investing advice. Please consult a professional advisor.

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