Why are stock markets gyrating so much these past few days? You would have thought that by now the really dire state of industries and world economies would have sunk into the minds of investors. Why is there still an element of surprise in the way the stock markets react to "bad" news? (See, for example, the following link on the FT)
It's like the bond markets epitomise doom and equity markets don't really know what the hell is going on. I prefer the view taken by bond markets - it's better to be consistently pessimistic than be consistently confused.
About Me
- Udai
- London, United Kingdom
- I was born and raised in India, but have lived in Britain for 7 years. I came here to study for a Master's and eventually found a job working for an Accountancy firm. I now work for an Insurance company in London.
http://www.udaiveeranand.blogspot.com/
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