Whilst studying in a business school students are asked to read several journal articles published by research students or established economist. One thing I have noticed reading several articles is that no one has the answers to this so called "market phenomenon". Just like we don't have answers to why some one would choose to do something that is not rational.
But this does not stop them from publishing more papers. My professor once said in class - finance is the only field of study where two people would win a nobel prize for saying completely opposite things.
Give me a break here, but no one knows the answers to why certain things behave the way they do. Newspapers publish reports on the market everyday, why can't they be blatent about it. They don't know the answers either. They beat around the same reasons time n again.
From my experiences so far, I feel if I had mixed human psychology with finance, I would definately be able to do better in the field of finance.
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