Archive for August 23rd, 2010

The Myopia of Financial Market Headlines

The Myopia of Financial Market Headlines

| August 23, 2010

Here is an actual headline that appeared on the internet about two hours into the trading session today: “US Stocks Erase Gains as Deal Euphoria Fades.” Markets are notoriously manic-depressive from day to day, yet media outlets always insist on trying to explain intraday price movements in terms of material fundamental developments. If there is [...]

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Short-term Forecast for August 23, 2010

Short-term Forecast for August 23, 2010

| August 23, 2010

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