Re:When a Crystal Ball Isn't Enough to Make You Rich – Elm P...
by dist-epoch on Sunday December 15, 2024 @07:33AM
(#42423093)
I saw many times something like this:
1. rate cut
2. S&P rises, financial press writes "market rise because of the rate cut"
3. later during the same day, S&P reverses and drops below price when rate cut was announced, financial press writes new article "market drops because of the rate cut"
rinse & repeat. they literally are reacting and correlating price movement with whatever big news happened.
1. rate cut
2. S&P rises, financial press writes "market rise because of the rate cut"
3. later during the same day, S&P reverses and drops below price when rate cut was announced, financial press writes new article "market drops because of the rate cut"
rinse & repeat. they literally are reacting and correlating price movement with whatever big news happened.