It appears that we will be blowing UP through the blue box today. I think it's wrong that politicians can talk the market up or down via social media and speeches. The Fed Governors have been doing it forever. One particular word or sentence and the market can react wildly. Same with Trump and his various social media exploits and sound bites to media members.
Who is to blame though, those doing the talking or the buying? There are many great quotes from economist J Kenneth Galbraith, including “The capacity for erroneous belief is very great, especially where it coincides with convenience.”
It appears that we will be blowing UP through the blue box today. I think it's wrong that politicians can talk the market up or down via social media and speeches. The Fed Governors have been doing it forever. One particular word or sentence and the market can react wildly. Same with Trump and his various social media exploits and sound bites to media members.
Who is to blame though, those doing the talking or the buying? There are many great quotes from economist J Kenneth Galbraith, including “The capacity for erroneous belief is very great, especially where it coincides with convenience.”