If they don't do it soon, the psychology of the bear market will continue.

Intuitively people believe we are bottoming but we need to get some sort of confirmation.

The only shoe that still has to drop is the earnings picture, and I think second-quarter earnings are going to be bad. We're going to get a slew of that and I think that's got the market...a little bit more defensive.

If there were a Nobel Prize in psychology, he would have won it. Every student of social psychology knows his work.

In our view, current financial market psychology is under-estimating the negative impact that rising joblessness will have on the housing and motor vehicle markets in the first half of 2002,

Few people understand the psychology of dealing with a highway traffic cop. Your normal speeder will panic and immediately pull over to the side. This is wrong. It arouses contempt in the cop-heart. Make the bastard chase you. He will follow.