[Article] Nuclear Tests
For years we have maintained that the detonation of nuclear bombs, while it may stir transient emotions, has no effect on the social mood; rather, social mood determines the penchant for exploding nuclear devices.
For years we have maintained that the detonation of nuclear bombs, while it may stir transient emotions, has no effect on the social mood; rather, social mood determines the penchant for exploding nuclear devices.
We postulated that a negative social mood—held by passengers, crew, maintenance workers and pilots alike—would tend to increase the chances for aircraft accidents and that a positive social mood would decrease them. Indeed that is the case.
Commentators perennially ask us, “Could the positive social mood that produced the financial mania since the late 1990s be a product of the popularity of mood-elevating pharmaceutical drugs such as Prozac?” Those familiar with the socionomic hypothesis (that social mood motivates social action) can probably predict our response.
The U.S. market has proved to be a reliable forecaster of coming periods of global peace or conflict. Specifically, major declines in the U.S. stock market have forewarned of major international conflicts.
So in the face of abundant evidence to the contrary, why does the media (and much of Wall Street) still embrace the myth that news moves markets?
There is probably not one person in a million who would disagree with the conventional view, espoused everywhere, that the attacks of September 11, 2001 and the subsequent deliverance of anthrax-laced letters to individuals shattered the confidence of Americans. Yet that conclusion flies in the face of the facts.