Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: DlphcOracl who wrote (20149)	1/9/2002 4:57:15 PM
From: DlphcOracl	Read Replies (2) of 99280

CNBC Nonsense -- see below In a lame attempt to explain the afternoon selloff, CNBC quoted veteran floor trader Art Cashin as saying something to the effect that news regarding discussion of extending the war on terrorism into Iraq had been flashed on the trading board at about the time the selloff occurred. Talk about nonsense. This merely illustrates how an "explanation" can be manufactured for any action or reaction in the market. It also illustrates why technical analysis, which is impartial and unconcerned with external news, etc., is important in making investment decisions.

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