Tuesday, June 20, 2006

The finance industry is a bunch of hooey

Some people a lot smarter than me did a study that told them that when a country's soccer team loses an important match it has a negative effect on their markets. What does this tell you?

The financial markets are completely artificial. They artificially rise and artificially fall based on a herd mentality that serves no one.

Manchester United lost, so there goes 11.5 billion dollars in wealth, vanished from the world.

Consumer confidence rules everything. When we believe that things are going well, they are. When we believe they are going poorly it becomes self fulfilling. Does this make any sense to you? It doesn't to me. You end up asking the question is anything at all real?

No 1 of Consequence

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