Quote:
Originally Posted by fotze
The funny part is all the ######bag analysts who pretend they know what happened in the market that day.
"The markets were down today because of fundamental bullcrap that we don't know anything about happened somewhere and some other thing happened iin this sory and we have no idea how it relates to the market but I need to look like I know what I'm talking about to collect a paycheck".
At least oil price explanations are for one thing or the other, confidence in the market, at least they are admitting that its speculation - 90% and supply 10%.
I get the feeling that the entire worlds financial system is affected and manipulated by 20,000 extremely rich and smart people in and around wall street and I have no doubt these crazy fluctuations right now are those same guys passing around our collective nipples sucking the last little bit of milk out.
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Well, the stock market is a zero sum game: for every dollar gained is a dollar lost. Alot of money was lost, so some people must have made a killing.
It is funny to read those analysts and the crazy words thrown out there to try and explain what happened. Stocks "crash" and its investors sell on fears that the recession is deep. The next day, stocks "surge" on investor confidence that the market is turning around. The next day, stocks "crash" based on poor earnings report of some company. The next day, stocks "surge" based on speculation the feds will cut interest rates. And so on.