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Eric wrote:
>
> 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,
The reports don't move the markets. It is the people's emotions that
move the markets. I hope I have made this clearer to you now.
Clearly,
Norman
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