What Happens When Greenspan Doesn't Say Anything?
Dow Closes Up 13 After Greenspan Remarks
Wow! Okay. Since the Yahoo writers couldn't see the mostly invisible realm of mass psychology (unless of course they happened to look at a price chart) I guess they felt they had to pin it on something a bit more tangible. After all, to say that market movement springs entirely from internal psychological dynamics doesn't really make a good headline.
The FM (Financial Media) usually save A.G.'s remarks for days on which there is actually something significant to report, but, being the sole enlighteners of the public consciousness (with regard to the stock market) that they are, I guess they felt obligated to explain that 13 point rise.
But assuming we take them at their word, and most of us do don't we? Assuming Greenspan did have the amazing power to actually move price just by opening his mouth, or for that matter, by patting his head and rubbing his tummy at the same time, what would happen when he doesn't say anything?
What I mean to say is, wouldn't we end up in a situation like the ancient Israelites who were compelled to support Moses' uplifted hands so that their army would continue to prevail against the Amalekites? (Ex. 17:11) Perhaps it's like that. Maybe we should just draw up a list of positive things and order Greenspan to keep repeating them in public. Surely the market would hit unheard of price levels in no time flat!
In the end, it really doesn't matter whether he talks non-stop or says absolutely nothing, because there are a thousand and one other things to pin price movement on and the media are aware of every single one of them.
Related Tags: stocks, trading, investing, stock market, dow
Erek Allon Daniels is a trader, freelance market analyst, and author of the tutorial How to Count Price Movements and Trends. He is sole discoverer of a new stock market model called REM which he promotes from his website EWTalternative.com
Your Article Search Directory : Find in ArticlesRecent articles in this category:
- Sbi Best Sip Plans 2010
SBI Mutual funds have introduced many mutual schemes. Each scheme has different limitations. SBI SIP - Icici Sip Plans 2010 - Best Sip Plans
ICICI Prudential offers many schemes. These fund schemes have SIP. What is SIP? SIP's expansion is S - Determining Where To Invest Money
There are several kinds of investments, also you will find numerous factors to find out where to inv - Retirement Plans A Necessity Of Life
A person works whole life to give a decent upbringing to his children and families. But while improv - Stock Market Timing Signals
Follow the PlanThis would seem a statement of common sense, but the fact of stock market timing sign - A Selection Of Financial And Investment Strategy Guidelines For Turning A Profit
Yet, we don't often have the money to leave work right at this moment. We need a constant salary to - Find Out The Profitable Way To Invest In Small Cap Stocks
Everyone wants to find a penny stocks list or other investment strategies that can turn your literal - Portfolio #4 - Watergate
IntroductionThe problem is not that the world is running out of water. No, the problem is that drink - Dulton Group: Information Content Of Dividends
Dulton Group helps you to analyze the information content of dividends, an important factor affectin - Coping With Fear In A Markets
The real fact is that all traders, investors as well as stock market investors, who feel afraid, occ
Most viewed articles in this category:
- Investor Stress: A New Approach
George Muzea is both an investor and a stock market advisor. In any given month, he will be paid $10 - Real Estate Investment Financing
1. Location: Your real estate investment's location is arguably the most important component of your - Canadian Oil Sands - Who Are the Major Players
The Canadian oil sands represent one of the most lucrative investment opportunities to oil and gas i - Why Bulk Preconstruction?
Bulk preconstruction is the latest trend in secure, high profit real estate investing. By buying wit - Investing - It Is Not As Scary As You Think
Many people want to have more money - OK everyone does. However, most people don't know how to go a - How Do I Know Which Programs Are Scams?
Although it is virtually impossible to tell if a HYIP is a scam until the moment when they stop payi - Currency Trading Success - 6 Tips to Increase your Profits
If you want to increase your profit potential and achieve currency trading success then the simple t - The Business Cycle
Investors who want to beat the market should be followers of the business cycle. The business cycle - Pros and Cons of Real Estate
Like any other profession, there are good and bad things about what are available. Each of the thin - The Fixer Upper
Real estate investing has become almost a national pastime. Millions are made every year on the buyi
