Weather and the Markets: Balderdash
It storms, the market goes down. The sun comes out, the market goes up. Sound familiar? Well, it may happen from time to time but its not an exact science. Generally speaking this seems to be the trend though (for whatever crazy reason). Bad weather rolls in and its pandemonium and chaos.
We've never really debated this on the blog but nows the time.
I think its a bunch of bologna. Garbage. Balderdash, whatever you want to call it...weather directly affecting the markets? Give me a break...it's a little rain people!
It's not like we have to deal with hurricanes, blizzards, and freak nor'easters that the eastern seaboard of the U.S. deals with from time to time. In those cases, yes, that will affect the markets only because they are extremes. Hurricanes regularly intrude into the Gulf of Mexico, often shutting down oil rigs cutting energy production thus affecting oil prices, which, have a certain influence on the market.
But here in Singapore, its just rain...big freaking deal.
For instance, today at around 12, some storm clouds rolled in and the market dipped a bit. Hmm. I can recall a few times in the past when it was the same sort of situation; storm rolls in, market dips.
Why is it that this happens from time to time? We have blizzard's left and right in the U.S. where traders are wading through knee deep snow on Wall Street just to get to the floor of the NYSE and things seem to be fine?
For me, I think its a load of garbage that there is an adverse affect on the market (or there appears to be) when it storms. The exchange is indoors people. Come to think of it, the exchange really doesn't physically exist anymore here since its all electronic anyway. It's not like we have things outdoors.
There is a big debate going on about this, so please, post away with your views and opinions. Does weather affect the market? With my tone of the above you should be able to figure out the answer to that for me is a resounding "NO!"
Just google this topic and you'll get a lot of hits.
Leave comments, take a side, and have a great weekend.
ArchivesWe've never really debated this on the blog but nows the time.
I think its a bunch of bologna. Garbage. Balderdash, whatever you want to call it...weather directly affecting the markets? Give me a break...it's a little rain people!
It's not like we have to deal with hurricanes, blizzards, and freak nor'easters that the eastern seaboard of the U.S. deals with from time to time. In those cases, yes, that will affect the markets only because they are extremes. Hurricanes regularly intrude into the Gulf of Mexico, often shutting down oil rigs cutting energy production thus affecting oil prices, which, have a certain influence on the market.
But here in Singapore, its just rain...big freaking deal.
For instance, today at around 12, some storm clouds rolled in and the market dipped a bit. Hmm. I can recall a few times in the past when it was the same sort of situation; storm rolls in, market dips.
Why is it that this happens from time to time? We have blizzard's left and right in the U.S. where traders are wading through knee deep snow on Wall Street just to get to the floor of the NYSE and things seem to be fine?
For me, I think its a load of garbage that there is an adverse affect on the market (or there appears to be) when it storms. The exchange is indoors people. Come to think of it, the exchange really doesn't physically exist anymore here since its all electronic anyway. It's not like we have things outdoors.
There is a big debate going on about this, so please, post away with your views and opinions. Does weather affect the market? With my tone of the above you should be able to figure out the answer to that for me is a resounding "NO!"
Just google this topic and you'll get a lot of hits.
Leave comments, take a side, and have a great weekend.
Labels: Rain, Singapore Market, weather
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