From Briefing.com: The indices finished mixed Wednesday as a modest warning signal about a potential firming in inflation rates weighed on sentiment and exacerbated the temptation to take some money off the table.
That is so freaking laughable I'm not even going to provide a link - if you really want to read more of this crap you'll have to find it for yourself.
Six years ago there were about 8,500 funds registered to do business in the U.S. That number is now about 12,500. They probably have several hundred thousand individuals working for them. In addition there are probably 1 to 2 million (or more) active traders in the world all trading the U.S. stock market.
Do you think that those several million people were all simultaneously concerned about a modest warning signal about a potential firming in inflation rates that their sentiment was affected and they decided to ???. I haven't got a clue what they all decided to do in concert and neither do you. Here is the dictionary.com definition of exacerbate:
–verb (used with object), -bat·ed, -bat·ing.
1. to increase the severity, bitterness, or violence of (disease, ill feeling, etc.); aggravate.
2. to embitter the feelings of (a person); irritate; exasperate.
In what regard does that fit with: the temptation to take some money off the table
Aggravated the temptation - increased the severity, bitterness, or violence of the temptation - embittered the feelings of the temptation - - - This is enough to make your head explode.
And if the temptation was to take some money off the table don't you think that the one area where the money was greatest would be the place to remove it - i.e. the small caps? But the small caps went up. So apparently they took money off the table out of the loser caps and put it into the winner caps because they were afraid of a modest amount of inflation. That doesn't make sense.
And you wonder why I pay absolutely no attention to that garbage - and you know what else - people actually pay for that crap.
Wednesday, February 21, 2007
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1 comment:
Funny post
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