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The stock market can't win!
Posted: Mon Jan 28, 2008 9:06 am
by Bob Juch
So the stock market is down because of recession concerns.
So the Fed lowers interest rates.
So the stock market is down today because of "rate-cut concerns"!
Posted: Mon Jan 28, 2008 9:45 am
by gsabc
If anyone comes to you and claims to understand the stock market, place both hands firmly on your wallet and checkbook and run away as fast as you can.
Re: The stock market can't win!
Posted: Mon Jan 28, 2008 9:49 am
by Jeemie
Bob Juch wrote:So the stock market is down because of recession concerns.
So the Fed lowers interest rates.
So the stock market is down today because of "rate-cut concerns"!
Yes- the investors are concerned Bernake hasn't and won't cut them ENOUGH to suit them.
Re: The stock market can't win!
Posted: Mon Jan 28, 2008 9:52 am
by MarleysGh0st
Bob Juch wrote:So the stock market is down today because of "rate-cut concerns"!
Which investors did they interview that gave that reason for selling today?
This is like the political pundits explaining "why" one candidate is up in the polls and another is down, except that financial reporters come up with reasons why the market is up/down every single day!
Re: The stock market can't win!
Posted: Mon Jan 28, 2008 10:05 am
by Bob Juch
MarleysGh0st wrote:Bob Juch wrote:So the stock market is down today because of "rate-cut concerns"!
Which investors did they interview that gave that reason for selling today?
This is like the political pundits explaining "why" one candidate is up in the polls and another is down, except that financial reporters come up with reasons why the market is up/down every single day!
Yep, I've heard the "experts" give the
exact same reason for the market going up one day and why it went down the next!