I love the wood on the new WSJ every day. It's like peering into the reptile brain of the market. Today (Jobs Weigh Down Recovery) may be wildly inconsistent with yesterday (Markets Rise, Worst May be Over) but it doesn't matter.
I think the street looks at that headline and that chart and sees "selloff today, better short some stocks".
What a bogus graph except to show that we are still nearly 30% below the pre-crash top of the market. Some one take away the WSJ's graphics department's crayons.
From this high up, you can almost see the other side of the W shaped recovery.
I love the wood on the new WSJ every day. It's like peering into the reptile brain of the market. Today (Jobs Weigh Down Recovery) may be wildly inconsistent with yesterday (Markets Rise, Worst May be Over) but it doesn't matter.
I think the street looks at that headline and that chart and sees "selloff today, better short some stocks".
(market is down below 1000 already this morning)
What's over? I got laid off yesterday.
Join the party! Most of us meet at Shark Bar in Nolita for drinks at 11. Speaking of which, I'm late…
What a bogus graph except to show that we are still nearly 30% below the pre-crash top of the market. Some one take away the WSJ's graphics department's crayons.
Of course, it is easier for the Dow to rise when they dump two weak companies and replace them with strong companies.