Despite all facts and recent trends that would, under normal circumstances, concern investors and cause a possible retraction, the European market continues at an eight-month high.
Writer Tyler Durden (ZeroHedge) explores a possible explanation offered by SocGen’s strategists Alain Bokobza and Roland Kaloyan, where “…ritualized repetition of a mantra-like autosuggestion” of positive thinking may be a factor. Is positive thinking an effective market strategy?
Read Why A 19th Century French Psychologist May Explain This Bizarro Market here.
