I dont get it....
 

when there are good reports, like yesterday with walmart and a couple other giants reporting profits, the market goes down, today, with housing in crisis at 17 year all time low, credit, oil high, headlines for recession in 09, and the market is up....wtf




BTW AMD is up %6 as of right now.

A very good question. It could be that Walmart still made clear that these are tough times and that it's having to discount to keep customers coming in yesterday and today that the Fed confirmed that there would be further rate cuts. Of course there are people who say that the markets don't really react to news at all, that market sentiment is predetermined and they will fall on good news if that's where they want to go.

Cool. I bet they read Zoolook's post about Nvidia. http://discussworldissues.com/forums...ies/laugh1.gif

Think about it - people are having to economise by buying cheaper products.
The market may be up as people are losing confidence in the banks (esp' as interest rates drop) and other avenues of investment, such as property.

I find the banks bit hard to buy, The markets have been having a terrible time of recent. This is not the kind of time when people who were conservative enough to keep their investments in cash would start putting that money to work in the stock market. Even if it were I don't think you can attribute day to day movements to such a phenomenon.

Realistically I think you can rarely detect the reason for an up day or a down day yet it's still something like CNN/Money will try and do. If you watch their website on a day when the markets volatile, they'll have a reason why it's down in the morning, a reason why it's up at lunch and a reason why it was down again at the closing bell.

its called the bathtub effect

Hence "may". The thing I was thinking of was people seeing the interest rates falling through the floor and deciding to take a gamble on investing in the market - usually not a smart thing to do, I agree, but most people lose their money when gambling yet casinos still have a great trade.

Commentators usually have little idea where the market is going from day to day - at best they may pick up trends - or so it would seem.
Reminds me of an investment seminar I was reading of, someone asked what the success rate of the guy hosting the event was and was told a little under 50%. Better odds tossing a coin.
I used to keep an eye on what was happening but, to be honest, it's more than a little depressing now.