Today's headline in the Courier Mail was:

$100,000,000,000

That is how much investors lost on the sharemarket yesterday.

Fair enough I guess.  However the market is up today by a similar amount than it was down by yesterday.  However I don't think that this will make headlines in the same way that a downturn does.  It will be interesting to see where today's market recovery rates a mention.

That is one of the bias that an investor has to be careful of.  Over the last 5 years sharemarkets have added many times what was lost yesterday for investors.  The bad news has a tendency to make more news than ongoing good news.

Regards,

Scott Francis