Somers: Analysis is replaced by rumour

IRISH STOCK EXCHANGE chief executive officer Deirdre Somers referring to the Irish markets said it would seem that perception, conjecture, rumour and momentum have replaced fundamental analysis as the key driving force on the markets.

Ms Somers yesterday said gaps in transparency have certainly been a contributory factor in the current market turmoil and credit crunch.

“The market is taking a good hard look at how it can deliver greater transparency, particularly in the fixed income and structured credit market space,” she said.