The Markets and Mental Illness

Quote from daniel_m:

alas no...

I'm curious Q, what kind of service do you provide?
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It's just a saying. Like if you came to my house and asked for a drink of water, and I got it for you, I would be "at your service".

Do you go to all the casinos? Do you have a favorite?
 
Quote from daniel_m:

it's a bit of a manic-depressive, yeah...

and the analysts don't tell it what it should be doing, they try and tell us what it is doing..
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It certainly is and that is the best way to describe it - maybe the market needs some Zoloft?
 
Quote from profitseer:

So, isn't the market sort of mentally ill? It thinks it is going up to the moon with no setbacks, then it thinks it has sunk so low it will never recover, and then it just gets in a funk where it can't get motivated to do anything.

Aren't the analysts sort of like psychoanalysts? Always telling the market what's wrong and what it needs to do to get healthy?

And then you have the support groups (chat rooms) for the markets family members who are struggling to deal with it's mental unstability.
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That's the thing, the market is trying to shakeout the last of the bubble zealots who still think we are going back to 100 point days when good news comes out.

Typical bottoms after a severe bear market just trade erratically, giving you abolutely no clue at it's intended direction. The fast money chases it up, and then the market takes it away from them by driving it down, and then it sucks the perma-bulls in to take their money away when it rallies. At some point only the smart money will be in play, and that's when we finally get a substained NORMAL bull market, 10 - 12% a year.

It's not mentally ill, it's just trying to chase the mentally ill out.
 
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