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Facts and Fictions in the Securities Industry

By: Sam Vaknin

... proposed yet another dimension of risk: "The Chicago Board Options Exchange's VIX index, a measure of traders' expectations of share price gyratio... ...cies or realities, or with the emergence of new information - and a lot to do with mass psychology. How else can we account for the crash of Octobe... ...ormation (i.e., uncertainty). Excessive volatility is irrational. The confluence of mass greed, mass fears, and mass disagreement as to the preferre... ...eable and so frequent that price volatility (as measured, for instance, by the VIX index) has increased to an all time high. Speculators have benef... ...r loans, crowded into stocks of exciting "new technologies", such as the radio and mass electrification. The bull market - especially in issues of ... ...value of their output rose from $60.8 billions to $68 billions. The Federal Reserve index of industrial production which had averaged only 67 in 192... ...ssion in the USA, at least with regards to public companies, from a self-regulatory body licensed by the states, into a national regulator. Under A... ...lanced budgets, without resort to borrowing to cover current deficits. A corporate body (legal person), whether a private or a public sector entity... ... corporate name. Typically, its formal decisions are by resolution of its managing body (board or council). Written documents are authenticated by...

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