Send CathInfo's owner Matthew a gift from his Amazon wish list:
https://www.amazon.com/hz/wishlist/ls/25M2B8RERL1UO

Author Topic: Irrational and bizarre  (Read 395 times)

0 Members and 1 Guest are viewing this topic.

Offline Matthew

  • Mod
  • *****
  • Posts: 31196
  • Reputation: +27113/-494
  • Gender: Male
Irrational and bizarre
« on: August 06, 2007, 08:41:07 AM »
  • Thanks!0
  • No Thanks!0
  • CNN must be aimed at those who are totally passive and clueless -- or at LEAST those who can't put things together. That is an affliction that I DON'T share, however.

    According to their financial site (CNNMoney.com), the stock market is up today in part because of "lower oil prices".

    However, another article on CNNMoney says that those lower oil prices were due to the entire world freaking out about the future of the USA's economy. In other words, the grand consensus of the whole world is that there is a LOT to worry about regarding the US economy.

    So that pessimism and worry brought oil prices down (which makes sense...there will be less demand for oil, etc. if the USA takes a downturn) -- so now the American stock traders say "Wow -- lower oil prices! That's great news for the American economy!"

    Madness.
    Want to say "thank you"? 
    You can send me a gift from my Amazon wishlist!
    https://www.amazon.com/hz/wishlist/ls/25M2B8RERL1UO

    Paypal donations: matthew@chantcd.com


    Offline Vandaler

    • Full Member
    • ***
    • Posts: 1664
    • Reputation: +33/-7
    • Gender: Male
    Irrational and bizarre
    « Reply #1 on: August 06, 2007, 03:08:35 PM »
  • Thanks!0
  • No Thanks!0
  • Both Oil markets and Stock markets are speculative in nature and rationality plays for little.

    Much is based on perceptions and little on cold hard careful analysis. This is true for the increasingly growing crowd of daily traders who swap stocks constantly looking for quick deals.

    I suppose