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Fundamentals v Psychology

  • 22-01-2008 10:38PM
    #1
    Sonnenblumen
    Registered Users, Registered Users 2 Posts: 5,834 ✭✭✭


    Although it would be a brave person to say its all over for now, all this Blue Monday Meltdown, it would appear that Psychology and not Fundamentals appears to be in charge of the leading stock markets and winning.

    Some time to go yet before this farce comes an end. Not panicking just not sure if it's a good time to put the chequebook away for a while.


Comments

  • #2
    portomar
    Closed Accounts Posts: 507 ✭✭✭portomar


    you seem suprised that psychology plays such an important role in the stock market?markets almost always overexpand or over correct.


  • #3
    CivilServant
    Registered Users, Registered Users 2 Posts: 2,005 ✭✭✭CivilServant


    well i'm down like 15%, is it advisble to stick it out, as you said the fundamentals are pretty good but everyone panicking at the same time is difficult to ignore


  • #4
    democrates
    Closed Accounts Posts: 2,046 ✭✭✭democrates


    Fundamentals don't count for squat when the flock starts to move, then it's down to your expectation of future human behaviour. Yes we each have a view based on fundamentals, but what is everyone else going to do?

    Agreed on shares, stick it out for the long term instead of selling low, maybe take a hit on part of it if you see greener pastures, spreadsheet time.

    If the downturn was biting my nest egg via spread betting I'd unwind that position now and take any loss instead of hoping for an upturn and risking my own mini Barings - the market can stay irrational longer than you can stay liquid.


  • #5
    daveirl
    Closed Accounts Posts: 14,483 ✭✭✭✭daveirl


    This post has been deleted.


  • #6
    democrates
    Closed Accounts Posts: 2,046 ✭✭✭democrates


    daveirl wrote: »
    This post has been deleted.
    Agreed, and Bernanke suddenly springing a 75 basis points cut outside of normal meetings, then we hear "We knew nothing about that, the cut was totally unrelated". bullsh1t on a stick, total insider trading, that's how it works, anyone outside that is with the cattle. Except for really smart people....


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