Safeplus International Holdings Ltd. (ACAI)

[gigem77]

"The market is never, ever wrong" - I think you are attempting to needle someone, eh?

"The Market" is wrong many times a day in a thousand places and that is what creates opportunities for traders. We arbitrage ignorance and mistakes, taking profits from the many, many errors in the markets. There is at least as much misinformation in the markets as there is fact. Prices blow up and down on the winds of speculation. They bob up and down on a sea of rumors. They trend on strong currents of demand and rejection. They surge on news, crest in greed and crash in fear. Prices change for no reason or for bad reasons as market making pirates steal from the unsuspecting. Some call these markets a great game, others call them a giant criminal enterprise, but you cannot seriously call them "never wrong". Markets are not all knowing or perfectly efficient or even right much of the time. Rather they are great, noisy oceans of human activity. Hope, fear and greed are powerful market movers. I would argue that emotions are more powerful than logic and that successful traders study psychology as well as charts.

Good luck with that "never wrong" thesis and thanks for the chuckle.