Doug Henwood wrote: > So if hedge funds buy oil when a pipeline blows up, is that conjunctural or > speculative? If real users hoard because prices are rising, is that > speculative or fundamental? Does a piece of news about political instability > add $5 or $20 to the price - or nothing? Reactions to news are also infected > by the speculative mood. I don't know how you'd tease all these things > apart.
obviously many real-world (empirical) phenomena are mixed. The only way one can get a first guess at how to tease all these thing apart would be to have a good theory (both deductive and inductive in origin) of how the market works. -- Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own way and let people talk.) -- Karl, paraphrasing Dante. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
