Originally Posted By: Drew99GT
Originally Posted By: SteveSRT8
Absolutely!^^^
The manipulation of the media makes the market jump like a yoyo. A good headline can run stock up or down like crazy, Soros is a lot of things but stupid is not one of them.
No, the market jumps around like a yoyo because that's how it works. Always has, always will. The people who got in previously and who have a gain sell and it makes waves in the price movement. Speculators in the rice markets in Japan did the same thing in the 1700s and the chart patterns of price look just like any other market from any point in history.
Agreed. I've been investing in the market since the late 1960's, and it's always been an up and down ride. Fortunately, it's been much more up than down, and savvy investors understand that.
There are always people wagging their finger and claiming to know the reason for the market swings (the media, speculators, large investors, etc.) but in reality it is simply the nature of the beast. It has always been like that and always will be like that.