OPINION:
It seems we hear every day from various news sources that the stock market surged because of new labor statistics, housing starts, etc. And the reverse also seems to be the case; newscasters say the market went down because of some natural disaster or some negative government statistics. The fact is, no one really knows why the stock market moves in any direction and news outlets, writers and other wizards should stop claiming that they know something they can’t possibly know.
For that matter, they can’t even know what the stock market is doing currently because the direction can change in the blink of an eye. They can only say what it has done, and they should limit their comments in accordance.
ROY MILLER
Phoenix
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