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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Madharry who wrote (35597)	10/7/2009 7:52:31 AM
From: Grommit	Read Replies (2) \| Respond to of 78748

That is exactly how it works. You can give a newspaper to a flock of journalists and delete all references what the stock market did. tell half that the stock market went up 200 pts, and the other half that it went down. They will all find plenty of reasons in the daily news for market action in their direction. Or they dust off the standard reasons. you finally figured this out? :o) Asian stock markets and oil prices extended their advance Wednesday amid renewed faith a recovery in the global economy was sustainable....

To: Madharry who wrote (35597)	10/7/2009 9:23:39 AM
From: Paul Senior	3 Recommendations Read Replies (1) \| Respond to of 78748

A natural tendency to find an explanation for events. Maybe it's modernists who seek a rational explanation for events. As if that could lead to either peace-of-mind or ability to predict events or understand or control our environment. Some would say the Lord or the gods are responsible. I generally view the cause as people's ignorance of statistics: 1. Confusing correlation with causation, ie. assuming a stock movement has occurred because some other event has occurred. 2. Not willing to accept randomness as an explanation for a particular event. Trying to spot a trend from one data point. Not that I don't get caught doing this myself; I do try to be alert to it though.