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Fear and Greed: Investment risks and opportunities in a turbulent world by Nicolas Sarkis

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Chapter 7: Fear and Loathing on Wall Street

If you are reading this book in 2012, I hope that you are particularly enjoying the experience. After all, it could very easily be the last volume that you ever peruse. At some point this year, perhaps in late December, the world is due to come to an end. That, at least, is the quirky prediction that some modern-day folk have managed to tease out of their selective reading of an ancient Mesoamerican calendar. (If you are reading this after 2012, either you are to be congratulated for surviving the Apocalypse or the prediction was flawed.)

This latest forecast of the earth’s imminent expiry is one of the more light-hearted examples of a popular neurosis that has become ever more prevalent in the early ...

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