Unbelievable given the GDP announcement. I think someone said that the action on Wall Street on any given day is whatever will produce the greatest losses for the most people.
Once again it appears that we have more of a flea market than a free market.
Nevertheless, it is entertaining in a lowbrow sort of way.
We are seeing more examples of the short crowd anticipating the correction and getting whacked for being early if not wrong. I guess Greenspan just said we are going to have a correction. He's never wrong, is he?
I used to think that the big boys on Wall Street are not always right. Now I think that they are almost always short on due diligence and have to rely on money and leverage to correct for the lack of knowledge and hard work.
If you think anyone on Wall Street has judgment that can be trusted, I'd like to hear the names.
You think that because GDP is up, the market should be up. Any relation between GDP and stock prices is purely coincidental. Any relation between consumer confidence and stock prices is, once again, purely coincidental. And lastly, any relation between reality and what goes on in what is believed to be your brain is purely coincidental.