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Commentaries — March 6, 2003

Perception vs. Reality: Will Everything You Know About This War Be Wrong, Too? Market perceptions and actual realities are not the same thing. For the markets to have a volatile reaction, or start a new/different long-term trend, reality must diverge from the market’s perception when war starts. The further reality diverges, the stronger the reaction… Continue reading Untitled

Open Perception vs. Reality: Will Everything You Know About This War Be Wrong, Too?
Market perceptions and actual realities are not the same thing. For the markets to have a volatile reaction, or start a new/different long-term trend, reality must diverge from the market’s perception when war starts. The further reality diverges, the stronger the reaction will be. Should the war go as expected, it is very possible that the markets will not exhibit a large reaction.