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Look at this morning’s market trends. Following my post “Clueless about Financial Markets” yesterday. All the miraculous knowledge that was gained yesterday (according to the AP) apparently got lost last night as people slept. As of 10:55 AM CST the DJIA is down almost 250 points.
Journalists don’t understand markets. They are simply looking to write a story that they can publish. Americans need to stop listening to the mediaocre (like it?). They don’t understand and they provide no value in analysis/reporting.
The scary part… these are the same people who convinced the American public of the need for government bailout. People who know nothing about the markets or the economy and have a vested interest in bigger government. Sad.
The media does not understand the markets or the economy so they sound foolish in reporting every day.
Financial, tech stocks lead Wall Street higher
First line of the article reads:
Investors acted Wednesday like they had overdone it a day earlier.
First of all, the markets flucuate, that’s how it is. Do you expect it to remain level everyday? Or possibly up everyday? Wow.
Secondly, the markets do NOT like uncertainty. So, in an uncertain market volatility will be high. Until the new administration decides what it is going to do, the market will remain volatile. It’s not that complicated of a process.
There a couple of comments of how the market is realizing that the companies are still operating and such. That is not really the case much. The market will continue this until there is some form of certainty. It will go down one day and up the next. It is trying to find a ceiling/floor which it can’t without some level of certainty as to what is going to happen. Because the government seems intent on acting, it is waiting to see what it is going to do.
