[JuntMonkey]

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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.

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A couple of years ago I worked for a small investment firm. One of the things I used to do was put together the quarterly performance sheets for different funds. A portfolio manager told me flat-out that "people want to hear a story, so make up some BS".

Not that there's anything wrong with that...people just want to hear that strong sales of iPod helped drive the fund's performance (even if it had little to do with it).

So yea, I have little respect for any market analysis.