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	<title>Atlanta Planning Guys &#187; Representativeness</title>
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	<link>http://atlantaplanningguys.com</link>
	<description>Atlanta Planning Guys is an informal blog  in which CERTIFIED FINANCIAL PLANNER™ professional, Cass Chappell , of Chappell Financial Group,  shares his ideas and opinions with the general public.</description>
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		<title>Behavioral Finance – Investor Biases</title>
		<link>http://atlantaplanningguys.com/?p=519</link>
		<comments>http://atlantaplanningguys.com/?p=519#comments</comments>
		<pubDate>Mon, 23 Nov 2009 16:41:16 +0000</pubDate>
		<dc:creator>Cass Chappell, CFP®</dc:creator>
				<category><![CDATA[Behavioral Finance]]></category>
		<category><![CDATA[Investments]]></category>
		<category><![CDATA[Anchoring]]></category>
		<category><![CDATA[Bandwagon Effect]]></category>
		<category><![CDATA[Cognitive Dissonance]]></category>
		<category><![CDATA[Endowment Effect]]></category>
		<category><![CDATA[House Money Effect]]></category>
		<category><![CDATA[Investor Bias]]></category>
		<category><![CDATA[Misdirected Worry]]></category>
		<category><![CDATA[Overconfidence]]></category>
		<category><![CDATA[Representativeness]]></category>
		<category><![CDATA[Snake-bite Effect]]></category>

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		<description><![CDATA[ 
 
 
 
There is a popular indicator of investor sentiment that follows the net inflows and outflows into certain investments.  In a nutshell, it goes like this:
o       When investor inflows are at their peak, the market has traditionally gone down soon after
o       When investor outflows are at their peak, the market traditionally goes up shortly after
“Why is [...]]]></description>
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