Overshoot self-correction to collapse in the S&P 500 Mar-Aug 07

Posted by Marcus G. Daniels on
URL: http://friam.383.s1.nabble.com/Overshoot-self-correction-to-collapse-in-the-S-P-500-Mar-Aug-07-tp524586p524591.html

Phil Henshaw wrote:
> The markets during the period are acting as a whole (and
> not supposed to do that) and showing themselves to be both strongly
> motivated and undecisive as a whole, and in an amplifying way.  
>  
If credit is harder to get,  say as worsened by the upcoming subprime
morgage lending rate adjustments, or improved by Federal Reserve
providing money to the banking system, that impacts liquidity which is
reflected in price variation.    I don't think it is so controversial
that the equity markets can have their own intrinsic momentum.