1.   And indeed it can, according to David Hirshleifer of Ohio State University, whose specialties include investor psychology.

2.   Because investor psychology at that time was quite cheerful, contrarians were convinced that the bear market was not over.

3.   Bianco saw such a shift in investor psychology some years ago, in bond funds.

4.   A change in investor psychology could conceivably cause some companies that would have succeeded to fold up because of lack of capital.

5.   Accounting and the war on terrorism depressed investor psychology just as the economy was recovering and corporate profits were beginning to improve.

6.   But if the direct losses are relatively minor, the indirect cost, including the toll on investor psychology, is immeasurably large.

7.   But the heyday of this particular investment strategy may now be over, in what might be the beginning of a big shift in investor psychology.

8.   By contrast, a rising currency bolsters investor psychology, analysts said.

9.   Even though the major market averages rebounded ever so slightly Wednesday, the action belied what looks like a big shift in investor psychology.

10.   Even though the major market averages rebounded ever so slightly Wednesday, the action belied what might be the beginning of a big shift in investor psychology.