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rgbecker

(4,890 posts)

5. Your falling for the Media's bullshit.

Fri Mar 6, 2015, 10:43 PM

Mar 2015

Everyday, someone is reporting the reason the market is doing this or that as if they had some idea what was going on. If you think investors are making decisions based on the day's news you should take a look instead at the day traders trying to guess about fluctuations unrelated to any particular day's news reports. On any particular day you could pick from among 10 stories that would sound like they would influence the market, half to move it up and half to move it down. But like anything of importance and that has attracted enough interest to afford a group of annalists you get a lot of bullshit thrown out as the gospel truth.

Sure there are days like 9/11 where even idiots can see the tea leaves' story, but in general, I think it's Monday night quarter backing for a public in need of a story and willing to pay for it.

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There's something perverse about Wall Street's reaction to the jobs report. [View all] RandySF Mar 2015 OP

I SOOOO agree, elleng Mar 2015 #1

Let them panic. RandySF Mar 2015 #2

It's F'en rigged house and we ain't part of it! So correct, it's sick!!! n/t RKP5637 Mar 2015 #3

Investors think the fed will likely raise interest rates.. DCBob Mar 2015 #4

Your falling for the Media's bullshit. rgbecker Mar 2015 #5

That's what I was going to say but you said it better than I would have. indie9197 Mar 2015 #7

Maybe they are worried wages will start to rise? They've made applegrove Mar 2015 #6