MickinMD ★ Posted March 22, 2019 Share #1 Posted March 22, 2019 If reports by the major financial news outlets was held to the same level of honesty as corporate quarterly reports, half the financial reporters would be serving prison terms! I would love to be a fly on the wall at the morning meetings of financial media reporters/editors meeting while they decide which information - real or fictitious - to feed their readers to keep up the con that they know why the market moves. Some days the reason is so ridiculous they must laugh to the point of tears when such a reason is selected - apparently to see how much they can b.s. their readers and still make them believe it. Yesterday they claimed the markets were down in the morning because of worries about a China deal slipping away from Trump. Then, with NO significant newer news, the market jumped up a whole percent, so they claimed it was due to the Fed saying no interest rate hikes in 2019 the day before - even though investors knew about the Fed's decision while the market was going down in the morning! Today, the market is down in the morning, allegedly because of "weak global manufacturing data" - as if all that information was released worldwide just before the market opened at 9:30 am EDT! This morning the U.S. Manufacturing Index was released fell from February's 53.0 to 52.5. Anything over 50 means EXPANSION. Market moves, in general, are more and more being dictated by computer programs that overreact. Yesterday, my stocks CVS and Southwest Airlines were up 2.23% and 2.09%, respectively. Today they are down 1.92% and 2.03%. There has been no significant news either day! If the market, now down 1% on the day, moves up, I bet right now they're trying to choose which reason to feed the readers if it happens. Link to comment Share on other sites More sharing options...
maddmaxx ★ Posted March 22, 2019 Share #2 Posted March 22, 2019 Gambling, not investing. People are betting on the moves rather than the value. 1 Link to comment Share on other sites More sharing options...
Scrapr ★ Posted March 22, 2019 Share #3 Posted March 22, 2019 It's financial p*rn. Don't watch it. You'll go blind and yes they are just making stuff up. Listen to @Dirtyhip instead. I suspect she does better than 98.99% of the rest of us. She is a 1%er. Kill the rich Link to comment Share on other sites More sharing options...
smudge ★ Posted March 22, 2019 Share #4 Posted March 22, 2019 Oh good, an explanation. I often wonder who the heck cares about the stuff they claim people care about and end up affecting the market. Link to comment Share on other sites More sharing options...
Dirtyhip Posted March 22, 2019 Share #5 Posted March 22, 2019 57 minutes ago, Scrapr said: It's financial p*rn. Don't watch it. You'll go blind and yes they are just making stuff up. Listen to @Dirtyhip instead. I suspect she does better than 98.99% of the rest of us. She is a 1%er. Kill the rich Hi Scrapr. LMAO. Not 1% , yet. Decent for me demographic though. Hey, we should hang out again soon. I liked that. I promise to try and relax and not start pacing around pre-ride. HAHA! LIFTS ARE OPENING SOON, AHHHHH, GOTTA GET READY TO ROLL OUT! GOGGS. HELMET. ROAR. 2 Link to comment Share on other sites More sharing options...
Dirtyhip Posted March 22, 2019 Share #6 Posted March 22, 2019 ? <====can't speak much about markets without going political. 1 Link to comment Share on other sites More sharing options...
groupw Posted March 22, 2019 Share #7 Posted March 22, 2019 25 minutes ago, Dirtyhip said: ? <====can't speak much about markets without going political. I agree with this to a point. However, there are those who are gaming the market. They have been banging the drums about an upcoming recession for about 6 months. Giving the smart gamer time to line up their cards before they force the next major downturn and profit from it. Link to comment Share on other sites More sharing options...
Page Turner Posted March 22, 2019 Share #8 Posted March 22, 2019 ...Elon Musk's Twitter account activity can be directly related to his hemorrhoid flare ups, which is in turn directly responsible for the movements in Tesla stock prices. I can afford to share this tip now, because I have made so much money from it that I am now fabulously wealthy. 1 Link to comment Share on other sites More sharing options...
Kzoo Posted March 22, 2019 Share #9 Posted March 22, 2019 41 minutes ago, Dirtyhip said: LIFTS ARE OPENING SOON, AHHHHH, GOTTA GET READY TO ROLL OUT! GOGGS. HELMET. ROAR. Oooooh Boy. More coasting. ? 1 Link to comment Share on other sites More sharing options...
Dirtyhip Posted March 22, 2019 Share #10 Posted March 22, 2019 55 minutes ago, Kzoo said: Oooooh Boy. More coasting. ? I'm being summoned this mornin with the quotes. I could never ignore @Scrapr. I may be able to ignore you, though. Your summoning is full of sass and making fun of me. ? 1 Link to comment Share on other sites More sharing options...
Kzoo Posted March 22, 2019 Share #11 Posted March 22, 2019 2 hours ago, Dirtyhip said: I may be able to ignore you, though. Your summoning is full of sass and making fun of me. ? But..... but...... but.. Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now