Great comment and I agree with you 100%...especially with the psychological effects of benchmark prices. Thank you for the comment! Very well written and you clearly have a good understanding of how this game is played. Upvoted :-)
You are viewing a single comment's thread from:
The game is the same everywhere. People are still people and investing/trading is all about human psychology. While the markets will change, people will not. Hence we see the same behavior repeated over and over. Greed and fear drive all markets. The key is seeing which is the major motivator in the market at each moment. Right now, we have a lot of greed going on which leads to fear.
Upvoted! Thanks again for the great comments!