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[QUOTE="HuskyHawk, post: 3747608, member: 1414"]
Wasn’t this way when I was learning it at UConn in the 80s. No internet. The average person didn’t see news until it showed up in WSJ or IBJ the next day. It was highly technical and large daily movements were extremely rare. Stock prices tended to move in very small increments.

Ever since the first dot.com boom in the 90s it has been different.  It still blows my mind that AOL bought Time Warner, a vastly more valuable company in every way except emotion driven market cap. I did math once that showed that AOL had to grow at 20% a year for something like 50 years to justify its price. I think it’s better now than it was then, but there’s still a lot of emotional buying.  There are companies now who realistically can never be worth what their market cap suggests.

Currently I’ll grab those emotion based stocks now and then. Moderna, that FUV (Arcimota) stock I sold this week. Playing a short term rise and then dump it.   But mostly I stick to companies that have strong businesses and which I expect to survive or gain on competition in difficult times. MOAT is an ETF with a similar strategy.
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