The major stock indexes rallied on Monday (March 24).
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Pointing out the errors of conventional wisdom (CW) may be like shooting fish in a barrel, but that doesn't mean you shouldn't pull the trigger.
The financial news alone keeps the fish barrel full each day. And if you look for the influence of CW in a broader sense -- current events, social commentary, cultural trends -- the barrel grows to ocean-sized proportions.
But enough with the fish metaphor; I'm not going to do any shooting today. Instead, I'd like to offer a three-sentence explanation of why the CW is so often so mistaken. Here goes:
Virtually everyone believes that "events" produce the trends and turns in social mood. This is backwards. Instead, social mood drives the trends and turns that produce "events."
As I said, three sentences. Yet this idea should obviously inspire a much deeper discussion. In fact, it has.
The notion that social mood drives events is extraordinary indeed. It means that journalism, news reporting, and even the traditional record of history itself, all include an assumption that is fatally flawed.
So I'll cut to the chase: an extraordinary idea deserves an extraordinary explanation. With a simple click and about an hour of your time, you can watch and listen to something you'll remember for a very long time. There is nothing to buy, there are no strings attached -- period.
If you're a long-time reader, you've probably guessed that I'm talking about History's Hidden Engine, the documentary from award-winning filmmaker David Edmond Moore.
But, if you've come to this or other pages on our Web site only recently, you're in for a treat. You can watch History's Hidden Engine on your computer via streaming download in Windows Media Player or QuickTime (you can also download and share all 59 minutes of the documentary).
Here's the link. Thanks for reading Market Watch.
http://www.socionomics.net/films/history/default.aspx