Thursday, December 27, 2018

Dewey Beats Truman, Part Two

("U.S. Stocks Tumble, Riding the Roller Coaster Back Down")

So the Dow just closed UP 258 points today.

Trying to analyze the why's and wherefore's of the stock market arrhythmia is like trying to catch the wind in your hand. It is an impossibility.

Did the "warning signs" about the economy that caused the Dow to drop more than 500 points by lunch suddenly disappear in the afternoon?

Your headline looks like a Dewey beats Truman moment. My suggestion is that your paper (indeed any publication) refrain from mid-day proclamations regarding the health of a product that seems to provide perfect definition to the word volatile.

PS - Your headline, as of 4:30 PM, now reads : "Stocks Rise, as Wall Street's Roller Coaster Stages Late Day Rally"

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