This citation by Robert Neal and Simon Wheatley from their 1998 article about investor sentiment offers several insights and paves the way for this first chapter by making the following statements: First, the opinion of individual investors on the market is important. Second, they are often wrong. Third, individual investor sentiment may support market timing decisions. Fourth, none of the above is scientifically proven.
KeywordsAbnormal Return Market Return Individual Investor Investor Sentiment Efficient Market Hypothesis
Unable to display preview. Download preview PDF.