The Dow Is Up, The Dow Is Down:Some “Experts” Too Quick To Pronounce A Trend
Everyone is so tired and scared of the current economic meltdown, some are being far too quick in their declarations.
If the market shoots up dramatically one day, the so-called “experts” say it is a sign that things have stabilized following the world-wide government interventions in banking systems aimed at getting credit flowing again.
But when the market drops dramatically a day or two later, sometimes, the very same “experts” declare it is a sign that investors are still nervous and that the bailout may not be working as hoped for.
At a time such as this, it becomes that much more important for everyone, but especially the “experts,” to weigh their words and opinions more carefully. It serves no one any good to claim to be the first to spot a trend, especially when the trend may only last 24 hours!
March 8th, 2010 at 6:26 am
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