why do people sell when they hear of bad financial news (more)...?

  • Thread starter Thread starter humby
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humby

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..aren't they just creating a self fulfilling prophecy by dumping their shares like panicky idiots? yesterdays 3Q report was favorable and the DOW jumped but it plunged back down again today, totally negating thursdays jump

why the hell do people dump their stocks? could this whole financial mire be caused by people's idiotic and panicking nature? don't they engender that kind of economy by behaving this way? wouldn't everyone be better off if people stopped making these idiotic knee jerk reactions?
 
I agree, but I understand that when people have a lot of money down, say $10,000. To them they are winning if they can save $9,000 of it.
 
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