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Social mood and the markets

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Popular music and the markets

More evidence that the KEY factor in market movement (or another other activity) is not what's actually going on, but what the social mood is.

For example:

High social mood + scandals = no perceived problem

Low social mood + scandals = outrage and legislative action

Moods (and thus markets) move according to fractal patterns. Understand the fractal and predict where the mood - and market - is headed.

"If you try to follow the news, it will almost always make you do the wrong thing . . . Changes in the economy DO NOT precede changes in social mood." - Bob Prechter

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