The markets don't like instability and they don't like uncertainty.
Sentiment: POSITIVE
Investors don't like uncertainty.
As discomfiting as it is to both market optimists and policy activists, a certain amount of instability is inherent to the economy.
I put forward a pretty general theory that financial markets are intrinsically unstable. That we really have a false picture when we think about markets tending towards equilibrium.
Uncertainty's not good for anybody.
Most business people today are not going to invest in the uncertainty that exists in America.
The consumer is going through a period around the world of uncertainty - whether geopolitical uncertainty, economic uncertainty - and that makes them a little nervous as well.
People often panic when the markets go down and sell off their stocks - but then they aren't in the game when the markets are doing well.
Markets do very weird things because it reacts to how people behave, and sometimes people are a little screwy.
If there's been a crisis in a market, you don't tend to have a new crisis in that market until the people who went through the last crisis aren't in the system anymore.
Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected.