So I read a lot of financial newspapers and watch just as much financial television and it seems like the message changes daily. One day the market is up and we have hit a bottom and Dow 10,000 here we come. The next day the market is down and Dow 0 here we come. The interesting thing is that many times the same reason the market is up one day is the same reason it is down the next.
I really would appreciate a financial network that tells us the news and leaves off their “experts” opinion of why, since in a given day you can find as many bulls as bears in a crowd who are willing to comment market momentum. Another interesting side note is that these “experts” are representing Financial Firms, who are using the free air time as a marketing effort.
So what happen to just the news? So many times I hear these reporters give their opinions. I think they should probably start reporting the news and stop trying to convince us of their (or their networks) opinion.
Sometimes I feel like I am listening to the Seagulls from Finding Nemo:
