Investors Behavior Under Growing Financial Market Uncertainty.

Abstract

The author analyzes the statistics of words and phrases related to financial market trading practices in millions of volumes from Google's book collection and available at Google Ngram Viewer. In recent almost 30 years, as the analyzed data shows, the scholars and practitioners' interest in the specific market strategies and technique shifted toward those more automotive, aggressive, speculative, but less dependent on fundamental analysis, information and data processing, and investors' reasoning and research. This shift may indicate the increasing share of unsophisticated investors trying to cover the lack of experience and professional knowledge through extensive use of technology-supported strategies. In a long-run perspective, this may generate the growth of market instability, risks, and uncertainty.

Keywords: financial market, trading strategies, uncertainty, risks, investors behavior, market trends, investors, investment choice, value factors, market analysis

JEL Classification: G11, G12, G17, G53, N20, O16