An excellent article detailing where the problem is ...
1. Government intervention, effecting theft from market players to benefit the bankers:
Among other problems...
Feel free to forward this by email to three of your friends.
1. Government intervention, effecting theft from market players to benefit the bankers:
The fact is that the market fully recovered to even higher levels the following week as the government banned short selling of financial stocks (much like China is doing more broadly at present).2. Retail investor naivete:
Prechter describes the prevailing psychology of investors with the term “socioeconomic orientation,” and his observations on this, I think, are exactly correct:
“People keep asking, ‘What effect will the next central-bank plan have on the stock market’s behavior?’ This is the wrong question. The socioeconomic orientation turns the question around: ‘What effect will the next stock market move have on the central bank’s behavior?’
Among other problems...
Feel free to forward this by email to three of your friends.
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