Influencing the human psyche in times of financial stress is fairly straightforward. It's not science or an acquired skill. Get the right people saying the right / wrong things and short-term markets react accordingly.
You might say that unique to the markets in recent months is the prevalence of unsubstantiated emotional opinion voiced publicly which, in some cases, has had draconian implications for targeted industries. By way of example, the narrowly averted french interbank lock-out arose, largely, from individuals /institutions with opportunistic intent and given access to visual-media. At face value, very few level-headed investors discount the brevity of the situation in Europe. Nevertheless, analysis free of bias and or emotion is uniquely the global commodity in least supply... Who will ever forget the slack-jawed, dazed confusion of Biggs, a respected big-star 'regular' on Bloomberg?
Now, more than ever, we are hostage to media-channeled emotive influence.
You might say that unique to the markets in recent months is the prevalence of unsubstantiated emotional opinion voiced publicly which, in some cases, has had draconian implications for targeted industries. By way of example, the narrowly averted french interbank lock-out arose, largely, from individuals /institutions with opportunistic intent and given access to visual-media. At face value, very few level-headed investors discount the brevity of the situation in Europe. Nevertheless, analysis free of bias and or emotion is uniquely the global commodity in least supply... Who will ever forget the slack-jawed, dazed confusion of Biggs, a respected big-star 'regular' on Bloomberg?
Now, more than ever, we are hostage to media-channeled emotive influence.
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