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59 Comments
- Hermiod, on 04/15/2008, -1/+22Another load of ill-researched, anti-male crap gets on to the front page. I suppose female traders perform badly for three days a month too ?
- souljaboytellem, on 04/15/2008, -0/+12"The Cambridge study measured testosterone levels in a small group of male City of London traders at both 11am and 4pm." Aren't studies supposed to be studied on a large scale until they post their information?
- inactive, on 04/15/2008, -4/+16Of course, avarice, ignorance and speculation has nothing to do with it?
- pos3000, on 04/15/2008, -1/+10I further news, CNN says that the market is dropping due to a massive increase of ***** in the News. When questioned journalism refused to comment.
We need to stop looking for a scapegoat and just fix the damn economy. - saggygrandma, on 04/15/2008, -3/+12yeah all one of them
- reyoo30309, on 04/15/2008, -0/+8Not enough evidence is here to jump to this A to C conclusion.
- robbiemuffin, on 04/15/2008, -6/+13ha! Women I've dated throughout my life are reading this article and saying "I kneeeeew it!" all at once.
- Bizdorph, on 04/15/2008, -1/+6In other news, a mysterious force scientists have tentatively dubbed "gravity" appears to be the reason our feet stay on the ground. This is in stark opposition to the previous notion that sin held our bodies to the earth, but is gaining widespread acceptance as more tests are performed.
If this were on fark.com the obvious tag would be having a field day. - CYG101, on 04/15/2008, -0/+5Yeah they are supposed to, but this isn't a good or proper study...
- Steinr, on 04/15/2008, -0/+4I think that people need to take more responsibility for their actions and not try to constantly find something else to blame that they can not control. The crisis is created by greed and people just need to restrain themselves.
- Devrdander, on 04/15/2008, -1/+4Not to mention it doesn't take into account most stock traders afternoon lunch of hookers and blow...
- bosssmiley, on 04/15/2008, -1/+4Madness of crowds != testosteronic rage
- robbiemuffin, on 04/15/2008, -2/+5wait wait, ockham's razor? mmmm, avarice, ignorance, and speculation are inside the "black box" of psychology. Testosterone is a real measurable variable. Who's inventing ether now?
- pos3000, on 04/15/2008, -0/+3Most commodities are bought and sold on speculation. This enables prices to be altered by not just supply and demand, but other factors. These factors can be anything from a geological survey on the difficulty of drilling new wells or a news report that we have hit peak production.
The only thing that we can hope to happen with oil is that someone finds new fields that will produce a massive quantity of oil or to create new technology that would make drilling a cheaper process. - zgeorge, on 04/15/2008, -0/+3Sure, blame it on hormones. Again. Sheesh.
- cusoman, on 04/15/2008, -0/+2"Boom and Bust"?
I bet the person writing that story was chuckling when they penned that line... - reasonyousmile, on 04/15/2008, -0/+2All together now:
Correlation != Causation
Correlation != Causation
Correlation != Causation - Indrius, on 04/15/2008, -2/+4This is *****. Professional and institutional traders do not base their trading decisions on emotions. Those who do, usually go out of business pretty quickly.
- orangefly, on 04/15/2008, -0/+2i got your testosterone right here....
- inactive, on 04/15/2008, -0/+2If they did that study correctly it would take time, maybe even enough time for them to realize how incredibly stupid they are.
- bosssmiley, on 04/15/2008, -3/+5Well spotted. Article fails the test of Ockhams Razor in that market variations can be explained without reference to hormones.
- Janv1er, on 04/15/2008, -0/+2Well, I didn't READ everything you wrote but the way you TYPE is PRETTY ANNOYING.
I don't know ***** about ECONOMY but I won't EAT your literary 'superiority'...
I'll just throw in a few RANDOM WORDS in this comment too, just for YOU. - klasikahl, on 04/15/2008, -0/+2I've read several comments that you've made across multiple stories. I'm afraid that you suffer from delusional disorder and should seek psychiatric care. Immediately.
- klasikahl, on 04/15/2008, -1/+2"Female traders"? What are these mythical beasts you speak of?
(Don't believe me? Check the trading floors of the NYSE, CME, CBOT... The only females present are clerks.) - StingingNettle, on 04/15/2008, -0/+1The new secret to investing... meditation.
- dafragsta, on 04/15/2008, -3/+4I wouldn't say it's hormones. I would say it's the constant game of "king of the hill" or "lesser king on some smaller hills" game that humanity encourages without ever really addressing it's evil. It's my opinion that most people in business today have morals that will shift with each given situation and circumstances.
I worked for an ad agency who had a very prominent computer maker as a client. This particular computer maker couldn't really reduce their bottom line any more, they were notoriously impatient people and the general consensus among the people who worked for this particular computer company based in Austin Texas always described it as "hell." This is why. How can you be calm and comfortable with your very lucrative market share when in the end, it's all about the stock prices, which only go up when the bottom line goes up (staying profitable is not good enough.)
Stock prices drive expectations that are unreal and that are never complacent. Private companies are much better companies to work for, speaking from personal experience. - kinerry, on 04/15/2008, -1/+2Yea, because we'd rather have hormonal women doing it than hormonal men...
- marsh283, on 04/15/2008, -0/+1higher levels of testerone also cause men to grow more facial and body hair....there must be wolfmen on wall street!
- bosssmiley, on 04/15/2008, -1/+2except once a lunar month...
- GideonCDingle, on 04/15/2008, -1/+2Deleted
- NewGTGuy, on 04/15/2008, -0/+1The testosterone levels of the international bankers has always been high.
- Sraza, on 04/15/2008, -0/+1KNOW JACK? THATS THE PROBLEM.
BIGGEST ECONOMICS MAJORS, (NASTY.. BRUTISH ... and SHORT) EAT OUT OIL.
THIS IS NOT A THEORY!!!!!
US CAN CORNER THE MARKET NOW - Gerz1219, on 04/15/2008, -1/+2This is an industry that attracts greedy people. Laid back, rational people are weeded out of market trading in swift order. How can you expect these individuals to self-regulate when they've essentially been selected for a physiological addiction to risk-taking? It's like telling sumo wrestlers they should restrain themselves from eating fatty foods.
- saggygrandma, on 04/16/2008, -0/+1You can either:
A: Take a joke.
B: Keep trying to prove your point by posting naked pictures of them all for us all to see. - diggerphelps, on 04/17/2008, -0/+1This is news?
Hormones have been influencing human behavior since, well, since the beginning I guess.
Why the ***** is on the front page or the BBC? - phazon88, on 04/15/2008, -0/+1I was expecting this to be an onion article. This is just ***** stupid.
- inactive, on 04/15/2008, -0/+1oh God, I've seen it all...
- psibladeZX, on 04/15/2008, -0/+1Completely inaccurate! 66% of all trades executed in world markets are done by algorithmic trading (computer programs with set parameters)... hedge funds just sit back and collect. I doubt that the remaining 33% of trades are "fueled by hormones"
BURIED - robbiemuffin, on 04/15/2008, -0/+1ok, that's interesting. are you saying there is no Pavlovian connection between testosterone and risk taking behavior? because the article does just sorta state it like a previously known fact, it doesn't point us to the source of that information.
- Chahrlie5, on 04/15/2008, -1/+2Yeah and a trading floor full of Estrogen would be better?
Ever seen two or more females in close quarters for extended periods of time? Doesn't work. - robbiemuffin, on 04/15/2008, -0/+1ooh no! a "saggygranma" comment about sex! that's just what I wanted!
- Kmap, on 04/15/2008, -0/+0HGH!!!!!!!!!!!!!! Powerbar!!!!!!!!!!
- joeanon, on 04/15/2008, -2/+2I like this guys perspective.
Take no stand on the solution, but make the PERSPECTIVE clear and mass comprehensible.
At least he has hope in the face of the DOOMSDAY prophets of death by OIL.
Calm down people... we HAVE A SOLUTION. Basically the DOW just doesn't know ***** about where their money should be.
After years of stock investment diversity most economics majors aren't in touch with the world of science and BTU per DOLLAR including corporate externalizes, which are so gladly left out of most reports.
We have a LOT of money being handled by people who primarily use trends and statistics to invest.
Think about that... when TOO MUCH money gets tied up in BETTING on the SAME OLD SOLUTION, that money can stay there forever, almost festering until innovation rots it away. - klasikahl, on 04/15/2008, -1/+1No doubt about it, every trader is in it to make money. However, the best traders are risk averse, employ complex hedging strategies, and rarely take big losses.
I'd be willing to wager that 100% of those commenting negatively on the trader mentality have never executed a trade on their own. And no, calling up Chuck, Scott, or Etrade and asking them to add a couple shares of AAPL to your puny portfolio doesn't count. - seanof, on 04/15/2008, -1/+1These are normal emotions that the article try to make sound exotic by using a bunch of clinical jargon.
- kolobcreek, on 04/15/2008, -1/+1Meryl Lynch should hire prostitutes for every trader!!!
- Indrius, on 04/15/2008, -1/+1Well if you believe in market cornering conspiracies and that rich people can somehow successfully alter laws of demand and supply, you should just study the case of Hunt brothers. The real cause of rising prices is supply shortages, and the reason of that is the likes of OPEC.
- inactive, on 04/15/2008, -1/+1Federal Reserve
- marcusbrutus, on 04/15/2008, -2/+2No, it doesn't.
- inactive, on 04/21/2008, -0/+0Ridiculous!
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