Yesterday I was bored at work and frequently visited finance.yahoo.com to read the headlines. It kind of irritates me how often they update the stock market “news”. They were determined all day to relate the swine flu to the market action.
It started out something like “Market shakes off swine flu scare and rallies”
Then a few minutes later it was “Trading mixed as swine flu weighs on market”
Then a few minutes later it was “Market falls on swine flu worries”
Of course the market was hardly moving at all one way or another, considering the recent volatility. I’m so sick of the need to relate every up or down of the DOW Index to some media report, especially when it is far more likely the market is moving due to day trading speculators, insiders, large hedge funds, or the PPT for reasons and purposes not disclosed.
All the mid day updates are completely useless as each new headline seems to contradict the previous. It seems like the only news possibly worth reading would be the summary after the market closes. Of course, no matter what happened yesterday and what happens today with the DOW, it will be related to the flu scare.
