I think you are 100% correct, one should not listen to their reaction but follow news breakouts. Whenever something happens they start shouting, INFLATION AT 12.83%, DAMN, ITS BAD, BAD FOR MARKET, BAD FOR COUNTRY, BAD FOR INVESTMENT, BAD FOR COWS, SEE MARKET IS GIVING REACTION AND NIFTY HAS SLIPPED 40 POINTS DOWN AS SOON AS NEWS ARRIVED and people start shorting hopping it will go down but damn, next minute it gains all it has lost and people keep wondering, wtf, happened?
. Then they say, IT LOOKS LIKE MARKET WAS EXPECTING THESE FIGURES AND THERE IS NOTHING MUCH TO WORRY ABOUT.
However, I still feel its nice to have all these stock monks around, it gives me feeling that I am in trading environment and looks kind of professional in my office.