Dr Stanley H. Teitelbaum - Scared bordering on terrified

Stocks for Beginners

Stanley H. Teitelbaum, PhD is a clinical psychologist and psychoanalyst. His new book is SMART MONEY: A Psychologist's Guide To Overcoming Self-Defeating Patterns In Stock Market Investing. The book addresses how to identify and overcome emotional roadblocks, blind spots, and errors in judgment that interfere with profitable investing, and how to develop greater trust in one’s ability to navigate investments. In this episode we discuss the emotions that investors are feeling in this period of market turmoil. Bear markets are not very unusual. Since 1926, there's been 15 episodes of at least 20% declines, meaning that there's been at least 15 bear markets in that period of time. What's important to remember is that on average, the average total loss from the peak in every bear market has been almost 35%. We are now down around 24%, according to the Dow Jones Industrial Average. That means we're still significantly short of the average, which means there's a room for one or more additional down legs. And that's scary.

Here's a link to the blog post: https://www.stocksforbeginners.net/blog/stanley-teitelbaum

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