Another typical cnbc headline.
Markets go up and gone
In point of fact, the last two days were packed with glowing headlines, as Tuesday/Wednesday clawed back a hefty chunk of gains.
Indeed, the banner after the Tuesday close was “Best day in nearly a year”...
Alas, buy on the rumor, sell on the news... it’s an equal opportunity cliche.
The wise, longterm investor doesn’t change much in such daily churns but that doesn’t mean one has to like it.
If nothing else, the shortened week (markets closed on Good Friday) should probably mean we break a 5-week losing streak of loses. Not certain, but today would have to turn panic bad to erase Tuesday/Wednesday... I must now excuse myself to knock on all the wood I can find.