Coward politicians and irrational market behind the crisis

Psychology and not the news behind the sudden price declines…The ghost of Lehman’s back. Frightened by coward politicians, citizens vote for the one who promises the most and the market acts as  an irrational monster. As long as fear and greed  dominates over the economy, the economy will continue to decline.I call the market a monster because it is as unpredictable as ruthless. Nothing fundamental has really happened to justify the last days of sharp stock market collapse and turmoil in the global economy. To 90 percent, it is about psychology. Read the rest of this entry »
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