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Politics : Ask Michael Burke

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To: pater tenebrarum who wrote (80851)	5/18/2000 9:50:00 AM
From: Tommaso	Read Replies (1) of 132070

According to Shiller's book, by far the strongest factor in a decision to put money on a stock or into the market in general is still person-to-person contact either face-to-face or on the telephone. Even direct written word, as on this thread, has a lot less effect. BTW, Ted David is responding with much irritation to criticisms of CNBC over on that thread. Shiller does credit (blame) news media for generating and maintaining a general atmosphere of excitement and optimism about markets.

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