Shrink Rap: The Value of Tempered Emotion, Part 1

It's time for a Wednesday dose of reality about emotions and the market. For all those who think that cool, calculated thought reigns, I submit the following examples as evidence that raw emotion is more often the norm during trading:

Look at the guys in the commodities pits and the Chicago bond traders, bursting with emotions. Their typical state of trading is one of gesturing wildly with their enigmatic sign language combined with split-second decision-making. Sometimes these guys are so frenzied, they look like women battling for Herm¿s scarves at a Neiman-Marcus half-off sale.

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