When journalists go out and write stories, that’s what they are probably doing, making-up / cooking stories. The media reports have flavors and they keep changing, but the thing is that the in-flavor keeps repeating no matter what. This is especially true for people reporting on the stock market.
The flavor of this season is called “fiscal cliff” so no matter what happens it is about the fiscal cliff!
Yesterday the stock market was down 80 points –“Investors nervous about the impending fiscal cliff resolution”
This morning the stock market was up 40 points –“Investors hopeful of fiscal cliff deal push stocks higher”
And this afternoon the WSJ reporter who wrote this probably doesn't even know what fiscal cliff is but he had a churn out an article so for Christ sake “U.S. Stocks Tilt Higher After Fiscal-Cliff Doubts Spur Swings”
A few months ago it was all Greece! So all stock market turns were attributed to Greece Dilemma and Greece Hope.
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