Soham Das

Capital Markets Defy Terrorists

Interesting perspective.... but the crux of my opinion is that the general social mood defines market.

In a bear run [which in turn is an exhibition of increasingly negative social mood] companies who underperform get hammered but those who generate results outside street's expectations [positive] just stay placid. The situation just reverses in bull market.

Information will be seen from a general lens of social mood. And to say that 'this' news made the markets rally high is flawed. You might say the social interpretation of so and so news made it rally high.
And this social interpretation is decided by prevalent social mood