SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Raptor's Den
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: velociraptor_ who wrote (7829)2/13/2003 9:34:32 AM
From: Rainier  Read Replies (1) of 10157
 
Actually, I'm beginning to come around to Prechter's idea that all systems (be they financial markets, governments, culture, etc.) created by humans are ultimately driven by shared mood trends. Thus, the issue isn't whether the market drives world events or vice versa, but that shifts in sentiment cause simultaneous changes throughout society. Expansion of PE ratios due to excessive optimism was what really drove the stock market bubble, not any sustainable earnings growth. This same optimism led us to buy into the whole peace dividend concept once the USSR fell (and thus divert money from military spending to social programs and contemplate national health care programs). Anyway, this has been far more eloquently explained by Prechter if anyone is interested.

Edit: Just saw that macavity and skinowski have made the same point. Hmm, maybe this theory is becoming too main-stream <g>. I have to admit, the desire of so many of us to have original takes on the market and being suspect if too many come to the same conclusions cracks me up!
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News