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nwinski wrote:
>
> Bando57@xxxxxxx wrote:
> >
> > how can you say economic reports dont move the markets Norm...?
> > Just curious...?
>
> NW: How many times have you seen a supposedly bullish report coincide
> with a top or a bearish report coincide with a bottom? According to the
> punits, 5 weeks ago, Asia was going to sink into the Pacific Ocean.
> Where are the world's stock markets now compared to then? Higher? Are
> the pundits still saying that Asia is sinking? Yes? People "react" to
> news based on their perceptions and expectations. That is the realm of
> human emotion where perception is reality. Psychology accounts for about
> 90% of all stock market price action.
>
> Perceptively,
>
> Norman
You have only stated that some people interepret economic reports and
figures differently than others. That is what makes a market, but it
doesn't back up your earlier statement that economic reports don't "move
markets".
Eric
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