As a follow up to Dale's blog about how they try to over simplify why the stock market went up or down on a given day (when the reasons a market moves are not only multi-variable but partly irrationally and emotionally based) - I took this screenshot today:
3 comments:
that's probably because those data were for January/in the past, so most all the institutional investors/experts already knew that. Kind of like when they announced that we were officially in a recession... it wasn't a surprise to anyone.
So basically bad news means the market could go either up or down...
I don't know who anonymous is but that is my whole point! The market doesn't move because of the one-line headline like they try to make us believe!
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