Often times when enough people perceive something to be true or forthcoming it doesn’t even matter how legitimate it is or where the news came from. In this day and age where perception is reality it matters more how quickly your news can spread across the financial markets. An email from one trader to the next could cause stocks to rally or sell off. Right now many of the large financial firms in Europe and the United States seem to be reacting more negatively than positively to headlines regarding the status of the world economy. Remember, tides do tend to turn fairly fast, thus causing perception to change alongside.
Eric Marvin
JPT110911-1830
