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The Theory of Reflexivity connects the trader's perceptions and market's actuality through a self-fulfilling loop. It may result in price movements that consistently and noticeably depart from the equilibrium price. The successful investor and philosopher George Soros think that stock market volatility results from the shifting opinions of all investors. He contends that these impressions are more influenced by how people perceive reality, which is affected by many macroeconomic and psychological aspects, than actual events. Then again, what exactly is this General Theory of Reflexivity? What benefits does it offer traders? What are the theory's lessons, exactly?

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The next batch of Q4 March 2013 results, monthly data on the manufacturing and services sectors, monthly auto sales data, Reserve Bank of India's Monetary Policy Statement 2013-14 and monetary policy meeting of the European Central Bank will dictate trend on the courses during truncated trading week.

Dubai: Motorists across the country struggled with reduced visibility for a second day on Wednesday as fog blanketed the UAE. Motorists reported traffic snarls during the morning rush hours in cities across the emirates. Weather forecasters said more fog is expected in the next several days. On Tuesday, school buses and the office crowd were delayed as horizontal visibility fell below 50 metres, leading to several accidents on the highways that resulted in minor injuries to some people. Traffic jams were reported in some cases. However, no fatal accident was reported.

Abu Dhabi: Plans are underway for wheat cultivation in Abu Dhabi in addition to a number of other crops, a senior official told Gulf News on Wednesday. As part of a research project, about 100 varieties of wheat used for the production of flour used to make bread were cultivated in Al Ain region in early November last year, and the initial results were positive, Mohammad Jalal Al Reyaysa, director of communication and community service at Abu Dhabi Food Control Authority (ADFCA), said.