[ChinaGotTheGoodsOnClinton]

Thanks for your comments.

Sorry for the repost, I posted the orignal version last night, but it was quickly buried with the SOU address stuff.

My class is tonight and I am still wondering if I should include it...

[Steven W.]

most investors watch CNBC and Bloomberg, not CNN. and most TRADERS are totally in sync with the news of the day - that is why, in fact, the market gyrates with so much volatility in any period of short term and, why, over the long term, investing is usually very profitable because time tends to differentiate the fears from reality and the truth from all the spin & lies.

[AGreatPer]

I think your onto something. However, your missing the big picture just mentioning CNN. You have to include ABC, CBS and NBC both TV and radio. For example?

Today on ABC radio the lead in nationally at 1:00 PM was something like, "Mr. Bush did not convince the American people that there was justification for war". At 2:00 PM it was this, "Did President Bush convince people last night that there is justification for war? For the people for the war, they thought so. For the people against the war, they think not." (paraphrasing each comment) Always wondered who writes these crap news lead ins.

The networks do the same with the economy. When the market is down they yell from the sky. When the market is going up..they make it simple and just a oneliner says, the market is up 2 points.

[Number_Cruncher]

Reminds me of a radio announcer that I used to listen to. If the market was down, he would clearly say it was down. If it was up, it would sound like he was saying it was "off", and he would be emphatic about it. Every day it sounded like the market was falling.

[Wright is right!]

The market is down because of uncertainty. Once the President ends the uncertainty, the market will react. That's why all this stalling around, going to the UN, etc. is hurting the economy.

Michael

[Rain-maker]

Within the stock trading circles, we call those reactionary investors Forest Gumps.

There's always plenty of morons in stocks, or the brokerage houses and market makers
couldn't scalp their investments.

[NativeNewYorker]

I trade specualtive leveraged financial stuff for a living.

The press is doing a 24/7/365 poor-mouthing the economy, doing everything possible to dampen consumer and business sentiment, all, IMHO, to weaken Bush and pave the way for a Dem recapture of the govt.

If the markets/economy thwart the press, that fact will go unreported. Bank on it.

They'll instead find/create a "sleaze" GOP scandal, or keep throwing images of poor/sick/handicapped folks at us, people who obviously can only find happiness if we're taxed more, once we get the GOP out of DC.

[UB355]

You should at least consider the Y2K hysteria. A lot of companies upgraded IT eqwuipment and software prior to Y2K even though there was no reason to do it. Thus an unnatural bubble and following that an not unexpected drop.