Friday, August 10, 2007

Riding against the waves

I believe that stock market is nothing but response of brokers' perception regarding the past, the current and the future economic market. The point I want to make here is that when there is a huge drop in the market people tend to think coherently or atleast their perception matches, that leads to a drop. And now a days we can see this on a global scale, where perceptions are pretty much aligned. As a result we normally see that an event in one part of the world can trigger chain of events globally. Stock market is a very good example, where we often see that in case of notable global events stock market more or less behave coherently. (Atleast in extreme market situations).
But there are always fliers or exceptions, where perceptions tends not to appear aligned to the majority. And any deviations from majority comes to attention.

Its like a wise man among fools, where the wise man thinks of others as fools and others think of wise man as a fool :) Pretty interesting, and it happens with me also, when at times I feel like I am not a fool when actually I am.

Anyhow, today globally bears are riding high everywhere except in KL, its upto you to decide who is who :)



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