The spread of business channels and other financial media has had grave consequences for investors over the past few years.
One of them is the need to justify each and every move of the market.
The other is the tendency to buy or sell stocks first and think about the rationale of buying/selling later.
The third, and the worst, consequence for investors of watching business channels and reading financial media has been the nonsensical focus on the movement of the Sensex or the Nifty.
[Read more…] about The Stock Market Nonsense Called ‘Consensus’