Anyone believe 'excuse' I heard for yesterday's huge selloff,

[elleng]

that 'good' economic news 'frightened' investors into worrying that Fed's program would be discontinued sooner rather than later???

[Demeter]

1. I rather suspect the lack of good news

because frankly, there isn't any. The same idiots are following the same idiotic policies, and based on what I see in the grocery stores, the Grinch has already stolen Christmas.... with Dick Cheney's heart, he isn't going to give it back, not this time.

[bemildred]

2. All reasons given for market moves are bullshit.

After the fact rationalizations based on nothing but coincidence.

[Tuesday Afternoon]

4. +1 ... I firmly believe that to be the truth.

[bemildred]

5. I challenge anybody to tell how they know the next day why the market moved.

They pull it right out of their ass, anything plausible will do the job, "we're the experts, so we know".

[elleng]

7. I agree.

Just checking!

[bemildred]

9. I know you do.

[Taitertots]

10. Cats can predict the markets better than professional investors

http://www.npr.org/blogs/money/2013/01/14/169326326/housecat-beats-investors-in-stock-market-challenge




All the stock market does it transfer the productive gains of the masses to an ever shrinking cabal of super rich people.

[bemildred]

11. Flipping a coin beats most investment wizards too.

And a lot of that is because they start believing their own bullshit.

[Warpy]

3. I think they have a dartboard with excuses instead of numbers

and whatever they hit blindfolded, that's the excuse du jour.

If anybody out there believes a single one, hey, I've got some oceanfront property here in NM to sell you. You don't have to come look at it, you can trust me!

[elleng]

8. Thanks, I ain't interested in no desert!!!

[nykym]

6. The invisible hand of the free market got

EXCITED!