The
Media’s reasons why markets go up or down are often pure fiction.
There may be many reasons why the stock market has gone up or down but
the financial headline writers manage to have a dubious answer.
It
is almost impossible to know after a trading day’s closing, the moods
and sentiments that drove that day’s market, nor the supply and demand
of securities over the global markets that would have had an impact.
Short
of a major calamity or important market-impacting event, the media
does not know. But is ready with answers, as if a market crystal ball
has somehow telegraphed some secrets to them.(See the Earl J. Weinreb
NewsHole® comments and @BusinesNewshole at Twitter.)
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