Just framed a newspaper cover from the other day, " When Will It End?" - in giant print, with a huge falling chart of the stock market.Maybe we'll get another cover here soon to frame alongside it, right near the meeting table.
I took print-screens of google finance on Friday and today, I think it’ll make for a good heading of WHIPSAWED
They'll notice that it went up, but they'll temper it with, but it could be a false correction, don't get excited. To hear them report the news you'd think every newscaster out there holds nothing but ultrashort etfs.
Dow goes down 770 points, headlines use terms like “plunges,” “crashes,” collapses," "blood bath, “global free-fall,” “plummets,” "melts down."
Dow goes up 936 points, headlines include “rises,” “jumps,” “snaps back,” and “rallies.”
It’s obviously easier to scare people than it is to inform them.
" The Dow industrials leapt 936.42 points, or 11.1%, to 9387.61, in its biggest single-day point gain ever. The rally ended a miserable eight-day slide in which the Dow fell almost 2,400 points. "History in the makin', people.