James Wood: Influence the Market
on Wednesday, August 21, 2013James Playsted Wood Money Quotation saying looking for some single factor that will influence the market is ignoring everything else in the world that might affect it. James Playsted Wood said:
“The thing that most affects the stock market is everything” — James Playsted Wood
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In this quote, James Playsted Wood is acknowledging how complex and interconnected global markets have become. By stating that “the thing that most affects the stock market is everything”, Wood is suggesting that virtually all world events, economic data, political developments, and business trends – both domestic and international in scope – have the potential to impact stock prices in today’s financial system.
No single factor dominates, since markets are influenced by a wide range of constantly changing variables. The overall interpretation is that Wood is recognizing the difficulty of pinpointing primary drivers of the stock market given its sensitivity to worldwide conditions, and emphasizing its integrated, multifaceted nature.