Quote:
Originally Posted by RougeUnderoos
I was looking at television tonight, the PBS news in particular, and the guy said "the price of oil rose today on speculation that a bailout plan for the banks might be forthcoming". A couple days ago the same guy said "the price of oil rose today on speculation that the bailout plan might be delayed".
What the hell does all this stuff mean? Nobody seems to bother questioning these contradictions.
"Good evening viewers. Monday's fears of the rabies outbreak with the local dog population sent the price of dogfood skyrocketing. Today's news that not a single dog in town actually has rabies pushed the price of dogfood to record levels".
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I think that is part of the problem.
As crazy as this sounds, I think Bush was right when he said "The market is not functioning properly". That is just it, IMO. People are acting on speculation and with mass panic. Nothing really makes sense when people do that. I am pretty sure the stock markets arent meant to function this way - arent they supposed to be a tool for long term growth and investment in companies that have a good outlook?
It is absolute mayhem. I just wish I knew enough to make some real money out of all this panic.