If you watch violent television shows, are you more likely to kill¬†somebody? Or, are¬†those who have a predisposition towards violence¬†more likely to view blood, guts and gore? (Watching the stock ticker on Thursday, September 22, was about as gory as it gets!)
Too often, the mainstream media endeavor to¬†attribute a¬†rationale for the irrational. For instance, every¬†participant [...] [...more]
We often hear that the stock market anticipates… that it is a forward-looking mechanism. In fact, some empirical data have shown stocks to have predictive value of economic growth over the next 6 months.
Yet the last few months have been characterized by minute-by-minute reactions to influential analysts, currency fluctuations and previous-month econ reports. The idea [...] [...more]
In general, the markets have been witnessing 2x-the-average trading volume and wide intra-day price swings. It’s an epic battle between those who believe stocks will go higher versus those¬†who believe that the dream is over.
The bearish case runs deep… and has been covered ad nauseum. Regulatory reform, China tightening, country debt ratios, U.S. foreclosures and [...] [...more]