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REPORT ABUSIVE REPLY
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Message Subject
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Today might be a bad day in the market.
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Poster Handle
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Anonymous Coward |
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Post Content
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People talking about the stock market as if it were real is kinda funny. It's like listening in to conversations in the psyche ward.
Quoting: Anonymous Coward 1069715What's funny is people thinking that stock market moves are based on any kind of news. Either journalists/bloggers find a news item that in hindsight 'explains' the price movement (like an Irish Bond auction, or the GDP of Lithuania or one company buying another company) or the come up with a 'reason' why a particular expected news item like the FOMC meetings meant a change in direction for stocks. Some 70-80 % of trading is done by computers. And guess what? They don't read newspapers.
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