Over the lunch, my colleague mentioned about conspiracy stories in China stocks market. “The sell down of china market was caused by American!” …LOL..
Anyway, Michael Marcus discussed something on this topic in Market Wizards: Interviews with Top Traders.
The foolish belief that there is conspiracy in the markets. I have known many of the great traders in the world, and I can say that 99 percent of the time, the market is bigger than anybody and, sooner or later, it goes where it wants to go. There are exceptions, but they don’t last too long.