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So I went home for lunch today and as I often do turned on CNN for a few minutes

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no limit Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-20-10 03:51 PM
Original message
So I went home for lunch today and as I often do turned on CNN for a few minutes
And they had that bold guy from CNN money on. He was talking about how the markets went up yesterday because they knew Brown was going to win. He was preaching how wonderful the markets were yesterday at predicting that Brown would win. In the very next sentence he said that after those markets go up so much they have to come crashing down the next day.

So according to the head CNN money guy (CNN money being the group of people responsible for reporting on our financial markets) the markets went up yesterday because everyone assumed Brown would win. And they crashed today after he did win because after stocks go up one day they have to come down the next. Now try to follow that logic, these people are fucking brilliant. Again, this is from their top financial "reporter".
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KonaKane Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-20-10 03:53 PM
Response to Original message
1. So what exactly was this x-spurt trying to say?
That WS got an orgasm at the thought of a Brown win and then once that passed it was business as usual?

So fucking what?
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MineralMan Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-20-10 04:03 PM
Response to Reply #1
2. Buy the rumor. Sell the news.
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no limit Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-20-10 04:13 PM
Response to Reply #1
3. I guess, I really couldn't follow his logic.
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timeforpeace Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-20-10 04:14 PM
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4. Obviously yesterday they thought he would lose. The reality resulted in the selloff today.
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KittyWampus Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-20-10 04:16 PM
Response to Original message
5. Heads, I win. Tails, you lose?
Edited on Wed Jan-20-10 04:16 PM by KittyWampus
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steelmania75 Donating Member (836 posts) Send PM | Profile | Ignore Wed Jan-20-10 04:18 PM
Response to Original message
6. The markets are happy because if Scott Brown wins, then the chances for true healthcare reform go
down(in there minds).

We still have 59 fucking senate seats. I don't understand why they can just man up over the next 10 months and pass GOOD, MEANINGFUL legislation.
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