Friday, July 27, 2007

The slope of hope

The recent plunge in the Dow Jones index has given rise to a lot of commentary in the media and some of it takes a bit of puzzling out.

Associated Press quote Don Gher - a former chief investment officer at an American capital management company - as saying investor sentiment has shifted from "climbing the wall of worry" to "sliding down the slope of hope."

"Today," states Gher, "bad things are being interpreted as negatives, whereas earlier this year they were being interpreted positively."

The stock market, eh? It's too complicated for us ordinary human beings, isn't it?

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