Found this on Wikipedia:
The theory goes that whenever the Hong Kong actor Adam Cheng stars in a new television show, there is a sudden drop in the market. No reason is given for this effect, and it is still a popular topic amongst stock brokers, years after the drama series Greed of Man was broadcast in Hong Kong in 1993. The effect is named after Ding Hai, the main character of the show, played by Adam Cheng.Ding Hai Effect - Wikipedia, the free encyclopedia
This has apparently happened eight times. There were two exceptions to the rule, but some argue that the second instance doesn't count because it was not a drama program, but an educational program hosted by Cheng.
Some believe this is a self-fulfilling prophecy as many stock brokers in Hong Kong anticipate a drop in the stock market whenever Adam Cheng stars in a new series. In any case, this is now regarded as more than a mere coincidence to such an extent that Crédit Lyonnais wrote a report on this matter.
To me, this is confirmation that the stock market is less about logic and more about the emotional volatility that comes when money is on the line.
1 comments:
Wow, that is unbelievable. I agree as well that the markets move mostly via emotional sentiment.
Post a Comment