Market fundamentals provide only part of the investment picture these days, says Jay Mawji, and it is the huge and amorphous mass of sentiment data that can offer the best clues to the market's likely next move
Fibreoptic cables may now have cut the time to milliseconds but financial news has always travelled fast. Investors' innate love of both gossip and profit have helped stock tips and trading floor rumours go viral for centuries. Such titbits are powerful because they do not just reflect the market - they shape it too. In fact, to the intelligent investor, knowing what is being said about the market is as important as what the market is actually doing. One of the best examples of someone identifying and acting on the clues provided by such market sentiment is that of JFK's father Joseph...
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