Years ago, I never thought I'd be sitting here with the experiences in financial services and media that I have had through the years. I actually thought that culinary school was in the cards, or some other profession that demanded intense performance on a daily basis. The majority of the experiences for this positive, happy dude have been wonderful, and I learned the ropes in all facets of the business from true bright minds.
However, when looking back, there have always seemed to be periodic bouts of oddities. For example, there'll be some mean and nasty email from a person sitting in their parents' basement, seeking a double-bottom chart pattern and swearing they are experts on politics after reading a free, five-page local newspaper. After asking around my circle of friends yesterday, and recalling periods of stress in the stock market that caused a general attitude shift among humans, I think an unscientific indicator on stocks I will use from now on is the "Mean-and-Nasty Email Indicator." Perhaps Foursquare or Google (GOOG) will develop an algorithm to track psychological changes being conveyed through an email, but for now I am applying good old common sense.
So, you ask, where is the nastiness coming from at this point in time?
- Some stock was bought two weeks ago after careful evaluation, with an iota of trust thrown the direction of the bullish professionals. Today, arrows have been able to pierce the iron side of the ship named "rally."
- An investor is unable to find new themes, neither in order to profit from the next big thing or to avoid a mini black swan event. (Maybe, on that first item, some went to check out SecondMarket and purchase a few shares in the latest video sharing startup with no revenue but a climbing valuation.)
- There is a sense that others have all the information and that, more often than now, the small guy gets the shaft.