Thursday, December 27, 2007

volatility in markets and sentiments continues

If you want to learn some innovative and latest swear-words, then google finance discussion pages are an excellent place to start with. The volatility and unpredictability of markets and some high traded stocks are driving people nuts. In past 15 days, the discussions in RIMM and GRMN are one such fine example. The companies seem to be doing great, earnings are coming on above expectations and yet stocks dont seem to pick up accordingly. No one knows why. Every morning, users come up with fresh expectations and hopes. Some even go as far as predicting that the stocks will cross 130 today. Then as the day passes by and the graph seems to jump up and down (mostly down only), the optimists disappear and cynics take on the stage. The dire forecastings such as 'rimm will drop like a hot potatoe, first to 113,5, then to 106' are thrown on. This obviously rattles the emotional investors who are on verge of nervous breakdowns and they retort with 'You are just throwing shit at the wall hoping it will stick. Go blog at Sirius or XM.' The verbal vilification continues.. And, if by any chance, Cramer features the stock on his show, the discussion boards are all the more animated and libelous. 'The investing world will be a better place without Cramer..I hope he'd kept his big mouth shut.' Investors pounce upon anyone ranging from CEO to analysts to Cramer to any insignificant human being who had anything to do with the stock they hold a position on. Its not that human tendencies have changed since older times, its just that investors have now a platform to express and connect with one another.

I have read such creative phrases that even Shakespeare could not have conceived. Profit or loss, stock market is one place where you see human fears, anxiety, worries, emotions and greed at their best.

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