Financial markets are best entered at the inflection point, when even if the data that most people use to make their decisions is ugly and the news is not so great there exists nevertheless a launching point for a new, positive market cycle.
Unfortunately, though, investor psyche is wired such that "people want data that confirms market optimism," said Liz Ann Sonders, senior vice president and chief investment strategist at Charles Schwab & Co. "They don't feel comfortable till all the unemployment and trade data is out, and inevitably, they miss the inflection point at which they should have entered the market."
That's why investor psyche and sentiment are at the heart of what Sonders does.
As one of the most popular, widely listened to and respected voices on market and economic outlook, Sonders—who has a range of investment strategy responsibilities reaching from market and economic analysis to investor education, all focused on the individual investor—believes she has a duty to keep things simple and to tone down what she terms "the fire hose of information" that hits the investing public.