Friday, November 07, 2003

Beware: Economic Subject Matter Ahead Employment data was released today, and the news was good: unemployment fell. You would think the stock market would go up because of this, but actually it fell because now it looks like the Fed will raise interest rates. Or it may have fallen because it rained last night, who knows. The reason is bullshit 99% of the time. That's what I hate about the stock market. You could have good news but investors twist it and turn it around to give it a negative spin and then suddenly good news is bad news. If unemployment was up, would the market have gone up? Probably not. It's a catch-22 I tell ya.


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