This is in stark contrast to how the public and some analysts make their picks. Unfortunately, it's also the best way to lose one's objectivity in managing risk. Objectivity and risk management are Siamese twins.
They want to think that machines are biddable and programs run smoothly. But with traders and market makers creating and deploying new systems and algorithms constantly, the danger of something going wrong is inevitable.
If the stock market was a person -- gosh, if corporations can have the same rights as people, why can't the stock market have thoughts and feelings? -- he could be diagnosed with a wide range of psychiatric disorders.
The federal government is gridlocked over extending important tax credits for the industry. Either with or without congressional action, the country needs new sources of clean energy financing to scale up the industry.
Americans got ripped off during the financial crisis. Right? Nope! That began decades earlier when financial wizards invented a myth called the "efficient market hypothesis" based on Burton Malkiel's Random Walk.
The effect the European debt crisis will have is a matter of degrees and exposure. It's hard to discern how these unfortunate events will affect us and what actions we should take. In other words, what do we have control over and when are we just being reactive?
It takes some kind of faith to place your retirement savings in the hands of forces beyond your control and yet maintain not only your emotional equilibrium in the present moment, but trust in the future.