MysteryTrader's Commentaries
Jul
14
2006
Whatever happened to all the Happy Talk?
by MysteryTrader
Overall Rating:
Suddenly, everything turned Bearish. How does this happen? The news media mostly reiterate the perpetual salesman’s puffery of Wall Street analysts. The news media are owned by big corporations with big vested interests to promote. The news media has been saying that earnings would be strong. How could they be so wrong? How could they not! In contrast, the market has been saying that its real condition is weak. Reading the media makes you stupid. Learn to read the market, not the media. The shorts have been cleaning up here. I cannot see any reason for any buying before the weekend. In fact, scared longs might liquidate.
Tags: economic-event
