Analyze this
Imagine having to explain highly chaotic events, such as daily market fluctuations? While much easier than predicting the future, it may still present a challenge on a choppy sideways day such as today.
September 1, 2005. Here's a sampling of today's financial news headlines.
6:49 am ET MarketWatch via Yahoo! Finance: "U.S. stocks edge higher; retailers, data, oil in focus" ...
7:42 am ET CNN Money: "Manufacturing pulls down stocks". The title has since been updated to say "Stocks straddle breakeven". Stocks were mixed Thursday, hovering on either side of breakeven as investors tried to grapple with conflicting economic news and the aftermath of Hurricane Katrina.
11:01 am ET Reuters: "Stocks fall on high gas price jitters" ...
11:54 am ET Reuters: "Stocks rise on hopes of slower rate hikes" ...
12:50 pm ET AP: "Stocks Rise on Strong Retail Sales Data" ...
1:50 pm ET Reuters: "Stocks little changed but oil shares up" ...
2:16 pm ET AP: "Stocks Decline on Economic Concerns" ...
3:18 pm ET AP: "Stocks Mixed As Economic Worries Intensify" ...
Can someone just admit it, "we don't know why the markets did this"? :)