Financial markets and the BS that pervades them

Salvatore in his post "Vellapan To the Markets",(Malaysia Finance Blogspot) one poignant comment is so true...

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ahbeng said...

all those excuse given by ppls, EPF, conman manipulation, pre-erection sell down, are pure nonsense.
in my 20yrs in mkt, i cant recalled of anyone year mkt doesnt have any worries. all we have to know is the mkt follow the malaysian mindset. slow to react and when react overreact.

8:57 PM"

Human nature dictates the need to find a 'reason' when the market moves. Eg Market down on European Debt Worries, Stocks sell off on jitters over China economy, Erection coming, they will finish with their 'election fund' distribution so market sell down la... blah blah blah

When the market turns the technical indicators will show the way, for example the 9, 18 and 50 mov avg stacked on top of each other=bullish.

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