Momentous Non-Financial Events and Their Repercussions
My thanks to a subscriber for this interesting
report by Ross Clark
of ChartWorks. I am not always a fan of other people's technical work, often
finding it overly elaborate and theoretical. However this is based on behavioural
facts, providing some useful templates on the subject of capitulation which
Fullermoney also mentioned yesterday. The report is posted in the Subscriber's
Area but here is the opening paragraph:
David Fuller's view The market impact on uranium's was swift on Monday as a result of the developing events at the nuclear facilities in Japan. Momentous non-financial events that are company specific, industry or all-inclusive (BP oil spill, Cigar Lake flood, 911, Kobe earthquake or the JFK assassination) bring about quick liquidation in related markets as investors move to preserve capital; i.e. Sell Now, Ask Questions Later. Depending upon the severity, definability, and enduring impact of the event the selling can be over in as little as a day (JFK) or last for months.
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