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Stock Market Wizards are Clueless

July 17, 2018

We hear every day from various news sources that the stock market went up because of new labor statistics or housing starts or, whatever. The reverse is also true; newscasters say the market went down because of some natural disaster or some negative government statistics. The fact is that no one really knows why the stock market moves in any direction and newscasters/writers/wizards should stop claiming that they know something they can’t possibly know. For that matter, they can’t even know what the stock market is doing currently because the direction can change in the blink of an eye. They can only say what it has done, and they should limit their comments in accordance.

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