And when you are running bad, the natural tendency becomes to start creating mental images that inhibit your ability to see the opportunities before you.
But Arnott's statistical tests indicated that the natural tendency of good earnings to follow bad was a far less powerful predictor of ten-year earnings growth than the payout ratio itself.
Exactly what will trigger this move is not known just now, but markets often have a tendency to interpret even good news as bad because most of the good news is already discounted.
The horse seemed at first like a bad bet, with trainer Rogelio calling the horse "crazy" and "nuts" for its tendency to abruptly stop and ignore instructions from its jockey.