THE market sentiment is accompanied by a distinct sound, according to one particular American financial expert, and lately that sound might just be laid-back ballads.
According to Phil Maymin, an assistant professor of finance and risk engineering at the Polytechnic Institute of New York University, there is a direct correlation between the volatility of the stock markets and the type of music people like.
Surprisingly enough, at times of high volatility (as has been the case since the start of the downturn), people tend to like soothing music. During periods of low volatility, they prefer heavier music with a more frenetic beat. Click to read more...
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