by: Bill Cara October 12, 2008 | about stocks: Bill Cara About this author: [Excerpted from Bill Cara's Week-in-Review] We know that fear sells – even more so than greed. What is happening then is that the people’s emotions are being played by those who are in control of the capital markets. The extreme volatility is telling us that at times the market interventionists are in control and at times we traders are in control. To the average person, it looks like chaos. Having worked both sell-side and buy-side at a high level, I understand what the market is. By way of explaining it simply, I often say that the market is a game that plays people rather than the other way around. In a similar vein, I say that stocks are sold and not bought. To finish the point, there is a set of negotiations underway between governments and...
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