The truly odd thing about markets is that they are drive as much my psychology as about fundamentals. That is why a president or Prime Minister talking negatively about an economy actually drives it down and vice versa. Same applies to well known economists etc. For reasons I've never understood, investors place great stock in the opinions of people who sometimes have zero idea about what is happening. Half of this loss is about confidence - not fundamentals. The markets are rising and falling in mammoth swings on rumours and hints of rumours. Until that ends and people actually use their heads and not their fears, true recovery cannot start. The markets are one of the areas of life where optimism (like pessimism) can be self-fulfilling.
-----Original Message----- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On Behalf Of Kristyne McDaniel Sent: Thursday, 27 November 2008 8:33 AM To: 'ProFox Email List' Subject: RE: [OT] How to determine if a market has hit THE bottom. Madigan, > Care to explain this strange attack? Not much explanation needed. You scream doom and gloom and then act surprised when gloom and doom happen. Thus far, with Obama not even in office yet, the markets are quieting down as he reveals the new folks that will be replacing Bush ineptitude. Kristyne McDaniel http://www.kristynemcdaniel.com/blog http://www.emryldadvantage.com/ http://www.mcstyles.com/ Whether you think you can, or you think you can't.... you are right. -- Henry Ford [excessive quoting removed by server] _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
