Book notes: Joe Tomlinson, “Misbehaving: The Making of Behavioral Economics is a quicker read than Kahneman’s book [Thinking Fast and Slow], but it still provides a wealth of material on a behavioral economics.”  (Advisor Perspectives)

Quote of the Day

"Far too much money has been lost by those constantly preparing for and fearing the worst, than simply doing their job to focus on what is actually happening in the market, not what they fear will happen instead."

(Charles Kirk)

Chart of the Day

Even before today the number of new 52-week lows is on the rise.