A growing number of financial observers who make their living by telling us what they think is going to happen to our money and investments seem to work on the premise that good news does not sell newspapers nearly as well as does gloom and doom.
Close followers of local and global share markets fall into one of three categories – optimistic, pessimistic and realistic.
Outsiders (non-professionals) generally forget that for every sale made on a stock market there is a buyer and a seller who have agreed on a price. The buyer/seller may be a computer but it will have been programmed by a human.
Over the past few years an addition to the market has been the “computer trader” which makes trades with a total absence of emotion based solely on the instructions to buy or sell based on movement in the market.
Those computers must have fun because the average length of time to own a share is measured in seconds!