View Single Post
  #251  
Old 09-18-2006, 02:17 PM
Nate tha\\\' Great Nate tha\\\' Great is offline
Senior Member
 
Join Date: Sep 2003
Location: blogging
Posts: 8,480
Default Re: Online gambling to be attached to defense bill???- article Uh oh!!

[ QUOTE ]
The thing is the news media and analysts at the big firm are not necessarily the best sources for why a stock is up or down.

Hedge fund money is generally involved in short term "newsy" type trading. So id trust the market moves more than anything. i would tend to beleive that the moves in the last two days are vased on the US story almost entirely.

But yeah in gerneral you can watch CNBC and they will make up a reason why the market was up or down alot and if you know a bit more what going on it sometimes is not the real story.

[/ QUOTE ]

Yeah I heard a real good story on NPR a while back where a lot of very bright economists and market gurus were basically making fun of market wraps. "Booking profits" was their favorite faux explanation for a market shift.
Reply With Quote