Wednesday, August 24, 2005

Same as Last Post, Just Different...

I just wrote about cause and effect, and the lack there of on most days. But today is another great example. The market is volatile. Trading is volatile. And calling the market moves are impossible.

Here are some headlines from the past hour:

'Stocks up on homes data, oil limits gains', 'Stocks Climb on Bullish Oil Inventory Data', and 'Stocks Move Higher As Oil Prices Drop',

The problem is the Dow is down 22 points (0.22%). No 'up', no 'climb', no 'limit on gains', no 'move higher'. The media knows the markets can move quickly, but insist on providing 'something', anything to justify their space.

So what happened between the time those headlines were written, and the market moved into negative territory and down 22 points? Homes data change? Oil inventory news not bullish anymore? Oil prices stop dropping and start moving higher?

A headline from 7:15am this morning read 'Stocks Mixed As Investors Weigh Data'. I like that. It tells me nothing and yet at the same time it tells me everything.

By the time you read this, the markets will have moved one way or another, so here's my headline for today:

'Stocks Move Up or Down Whether or Not Someone is Writing About It.'

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