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By Richard Bloch

In his Striking Price column in this week’s issue of Barron’s, Steven M. Sears writes about a “market that Sartre would love.” That would be Jean-Paul Sartre, of course, the French existentialist philosopher.

Sears says “Wall Street’s most sophisticated stock investors are experiencing existential angst.”

The final weeks of the trading year are messing with many a person’s sanity in an ultramodern, electronic kind of way. These sophisticates are searching for deeper meanings after spending all day staring at flashing prices on computer screens that mostly add up to the dreaded UNCH—unchanged stock prices.

If you’re ahead of market benchmarks, the market could tumble lower. If you’re trying to catch up, that’s even tougher.

UNCH hurts worse if you pride yourself on always knowing the expected value of everything. UNCH makes traders cling to the hope that their competitors are twice as miserable.

And he notes that the most famous line in Sartre’s No Exit play, “hell is other people,” could be rephrased as “hell in an UNCH market.” As traders see prices rise, fall, and go nowhere at all.

Read the complete article here.

Happy trading,

Curt