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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?


To: finntroll who wrote (79125)6/14/2002 3:47:39 PM
From: ajtj99  Read Replies (2) | Respond to of 99280
 
Yeah, right finntroll. Keep believing that. Probably today's drop wouldn't have happened without a bombing in Pakistan. We can find some kind of news event to try to explain away every movement in the market.

Fact is, 80% of market movements cannot be explained by any news events. Believe charts. I believe news only can speed up an event that was already in progress for indexes. For individual stocks, a news event effecting fundamentals of a stock is a different story.