Tahoe is Walking On: A couple of perspectives on "access to information"

Thursday, December 3, 2009

A couple of perspectives on "access to information"

Here we have a news item, reported on twice, separated by approximately 5 hours. The beauty of our access to information is we get the information and we have an opportunity to react. The fact that we have the opportunity to react means that as with so much of human behaviour, there is a vast array of potential reactions. Some legitimate, others driven by different values, and some of those choices can have unintended consequences to the balance on the receiving end of that trade. Does that ever come into your trading - prior to your placing the order - do you ever think about what the other side of the trade is doing and thinking? I thank Dr. Brett for my new found awareness.

So the information is available, the difference is in how we view such information. As with the paths that our lives traverse, it isn't what happens to you, its how you react. Initial comments circulating about Japan considering liquidating $100bn in Treasuries gave the markets a fright. Was that a healthy reaction? Japan retorted immediately to quell all the rumors, denying any such thing. Sentiment and mood and confidence are stabilized. Does it feel to you like we're sorta sitting on a powder keg? Little seemingly otherwise insignificant tremors have noticeable consequences, as manageable as they might be. For now, that is. Tomorrow is a new day, with Job numbers. Did you pick up your chair yet?

Many Thanks to Clusterstock.com