mulla wrote:the way some banks have reported superb results in half year growth and price hasn't swung significantly.....no need for nail biting wait for anticipated positive KK results.....only major price swinger for KK(in the short term) would be if they announce the incoming of a strategic investor...
Results, 'fundamentals', news etc do not affect the price of financial instruments. Social mood does.
If social mood is positive, people are carefree and will pay almost any price for anything (and thus rising prices).
When the mood is negative people become conservative and hence falling prices. The beautiful thing is that mood has a structure and can be forecast with relative good accuracy.
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.