Re: Market "too emotional?"
I took that "Market is too emotional" comment to be referring to the STOCK market
Indeed. The object for which the term irrational exuberance was coined. Depending on how their feeling, traders will tell you there looking at the "fundamentals" or "prospects for growth".
At least two Swedish Riksbank Economic Prizes (known incorrectly as Nobel Prizes for Economics) have been awarded demonstrating that, at any one time, only a part of the market knows what it's doing, but over time it tends to get it right. And that was before the computers got involved in the trading…
Biting the hand that feeds IT
