Quote:
Originally Posted by Mr. Billy
I don't really like the logic in the interview. One of them says that the market is rising even with bad economic news and I think that is stretching it a bit. I think that the news is not all that bad at the moment. Also, I think we are in a somewhat predictable situation now with much of the economic weakness already factored into the market as it is priced today.
It is quite possible that people will make statements hoping to create ripples in the day to day pricing of equities, but I don't really know if they are doing that or not.
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I have often wondered that myself. If an adviser has a lot of clients in positions to make some big gains from a market decline they could go on a few shows and say that they think the news is terrible ad that the market will go down and just that information could be cause enough to make enough people nervous that it actually does go down some.