— Market history of the past 11 years confirms this assertion. — It is a gift given to us by the media … tales “full of sound and fury, signifying nothing.” –Today’s report was par for the course, causing a knee-jerk 382 point drop in the Dow followed by a barrage of inane, Powell parsing commentary….
Tag: the media
“Americans Can’t Get Enough of the Stock Market”–Big Problem?
This is the kind of headline that makes a contrarian want to hit the exits–When everybody’s in who will be left to buy? The stats and interview commentary that accompany this headline from a prominent financial daily are pretty scary too given a lack of historical perspective. We provide the prospective to quell the nail-biting. “Bull…