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To: Former MSM Viewer
When I look at the articles on Yahoo Finance, it's for entertainment rather than information. It's amusing to see article after article by people who claim to know why the markets are doing what they're doing. The sequence goes something like this:

Day1: Dow up 100 points because of ...
Day2: Dow down 100 points because of ...
Day3: Dow up 100 points because of ...
Day4: Dow down 100 points because of ...
Day5: Dow up 100 points because of ...
Day6: Dow down 100 points because of ...
Day7: Dow up 100 points because of ...
Day8: Dow down 100 points because of ...
etc.

All of the reasons they give for why the markets are roaring up and down from day to day become meaningless within 24 hours (if they weren't meaningless to begin with).

If the people writing these articles were actually telling the truth, the sequence would look like:

Day1: Dow up 100 points because of random crowd behavior.
Day2: Dow down 100 points because of random crowd behavior.
Day3: Dow up 100 points because of random crowd behavior.
Day4: Dow down 100 points because of random crowd behavior.
Day5: Dow up 100 points because of random crowd behavior.
Day6: Dow down 100 points because of random crowd behavior.
Day7: Dow up 100 points because of random crowd behavior.
Day8: Dow down 100 points because of random crowd behavior.
etc.

But that would get boring; so instead they print entertaining, but meaningless, speculation.

12 posted on 05/04/2017 7:31:38 AM PDT by snarkpup ("The Democrat party's policies are like a warm blanket of asbestos." - Crystal Wright)
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To: snarkpup

I rarely read their articles, but their portfolio management page used to be awesome! Not anymore...


13 posted on 05/04/2017 7:34:43 AM PDT by Former MSM Viewer
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To: snarkpup
I always wondered how they attribute the daily rise and fall of the fall to any one story.

Who looks at the news and says "Trump met with THIS person? Oh I'll buy some stock"

The DJIA is by definition diversified- how can one news story be claimed to have affected anything?

The ONLY thing that does seem logical is 'the markets' rising on Trumps inauguration, because that is clearly a universal positive and more people jump in.

But to look at the DJIA and say THIS one story made it go up and down- I don't get it. It seems like media propaganda, as they try to imply direct cause and effect.

If they said "THIS news story happened today" AND "The DJIA went up 100 points" that would probably be ok, but to say "The DJIA went up 100 pts today because of THIS news story?" I don't get it.

15 posted on 05/04/2017 7:39:53 AM PDT by Mr. K (***THERE IS NO CONSEQUENCE OF REPEALING OBAMACARE THAT IS WORSE THAN OBAMACARE ITSELF***)
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