Soham Das

Capital Markets Defy Terrorists

You are making a mistake in believing that news makes or breaks a market. Run some historical check, and you will realise that if you show the charts without the time stamp to any other technical analyst, and ask if he can point out the most probable time a bad news hit the market, he will fail.

Because markets are dominated by crowd behaviour and crowd behaviour is essentially emotion driven and not logic driven, thus expecting it to rationally analyse the situation while a news hits the market is irrational in itself.
We are forgetting, markets are not efficient.

A few words delving deeper in this arena is given here:

jumpup.wordpress.com/2.../