1. If scary scenes in Libya were the cause of the market selloff, then why did global markets continue to rally after riots on the streets of Tunisia and then Eqypt?
2. If the Christchurch earthquake caused Australian markets to selloff today, then why did NZ markets fall less than Australian markets today and much less than China & Japan?
Simple, because news does not make the market (never has and never will).
It's not the news that creates trends in stocks and other financial markets;
https://www.elliottwave.com/freeupdates/archives/2011/02/15/What-Does-It-Mean,--The-News-Doesn-t-Make-the-Market-.aspx
asx lower monday, page-24
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