--Re: Cyan1978 Guess the fear of a red DOW after such a strong surge. . .
At 7.32 every morning, I stand in the lounge, usually wearing just a towel, and listen to the flimsy financial update on Ch9.
Every rise or fall of the DOW overnight is explained with one of two excuses (or variations of):
1. "The DOW is up because investors feel the Euro credit crisis can be solved" or 2. "The DOW fell on concerns the Euro credit crisis is worsening."
It strikes me that either the journos have no clue as to why the market goes up or down each day, or that the worlds investors cannot see beyond each single day's events, and react accordingly. Or perhaps one group feeds of the other (I can see thousands of Wall St investors dressed in towels calling their brokers each morning shouting 'buy' or 'sell')
It's just a shame that the spec market has been mostly "sell" this last year. Otherwise these pathetic daily bounces and plunges could have been a daytraders wet dream.
