I stopped watching all financial news years ago when I figured out that the vast majority of what they were doing was "retrodiction". The thing that just happened? They tell you why it happened. Who cares at that point?
I'm pretty sure any of us could come up with a line of similar bullshit: "That bad quarterly report? See, what you need to understand about climate change is that...."
They pretend the markets are free, and this pisses me off. The game is rigged more than a carnival game. There is so much Peter Pan clap your hands in the news and so many dumb as rocks retail investors.
All based on whimsical central bank funny money and stock prices are based on investor “confidence.” Heloooooo the “con” in “conman” stands for Confidence!
Correction: fake -and- gay.
I stopped watching all financial news years ago when I figured out that the vast majority of what they were doing was "retrodiction". The thing that just happened? They tell you why it happened. Who cares at that point?
I'm pretty sure any of us could come up with a line of similar bullshit: "That bad quarterly report? See, what you need to understand about climate change is that...."
Stocks are 100% driven by the fed. They need ultra low interest rates to keep these absurd valuations.
They pretend the markets are free, and this pisses me off. The game is rigged more than a carnival game. There is so much Peter Pan clap your hands in the news and so many dumb as rocks retail investors.
All based on whimsical central bank funny money and stock prices are based on investor “confidence.” Heloooooo the “con” in “conman” stands for Confidence!