The markets will go up and down, and usually it’s not my business why they do it, I am just interested in making my luck with a position on the right side of the trade.
But of course markets don’t move just because of fear and greed, but because of demand and supply. And these two factors are deeply founded in the “real” world.
Michael Roberts, a London based economist with lots of markets experience, is doing an fantastic blog which explains the foundation of the markets with a lot of nicely prepared data and based on a sound economic theory – Marxism. Don’t let us start a political discussion over here, but have a look at his blog, see the data, read his arguments and get a broader view of the market than you would get by just watching the charts and reading the daily news.