Why Is the Market Going Up When Jobs Are Going Down? [View article]
I don't think the market is ever rational since it is largely a reflection of investor physcology and not a true indicator of financial fact. When you can spot a rational reason to buy something or a way to cash in on irrationality then you are a winner. The fact that money does not have a stable value either against other currencies or other real assets complicates things. Add to this all the smoke and mirrors from Wall street and Washington. Trying to rationalize irrationality in folks minds is how financial advisers and brokers make their money weather you do or not.
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I don't think the market is ever rational since it is largely a reflection of investor physcology and not a true indicator of financial fact. When you can spot a rational reason to buy something or a way to cash in on irrationality then you are a winner. The fact that money does not have a stable value either against other currencies or other real assets complicates things. Add to this all the smoke and mirrors from Wall street and Washington. Trying to rationalize irrationality in folks minds is how financial advisers and brokers make their money weather you do or not.
Oct 28 12:21 pm
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All Comments by auto44 »Why Is the Market Going Up When Jobs Are Going Down? [View article]