Securitiesmarkets are generally erratic. However,when you think about it, they really ought to be calmer than they are.
Institutional investors andadvisers are considered professionals. They’re the experts who account for at least 80% and, some days more, of all trades and activity. Why then should the markets behave so erratically?
These pros ought to know what they are doing, unlike the others of the public, amateur investors who blindly follow the pros. However, Wall Street "wizards" invariably act in a mob-like manner.
They may still make their millions, simply because they are ensconced as Wall Street inside players. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewHole tweets.)
