does anyone find the markets being a bit too irrational lately? The market has been doing the opposite of what it should be doing. let me explain...why did the market sell off on good employement data or any positive news, and why did the market rise when citibank announced more writedowns or any negative news. ...also: with BIDU, Barrons intervied money managers and they said the stock is overvalued, so it opens down, but it rises 5% in less than 2hrs off the open. the next day, it falls 8% in less than 2hrs off the open. The traders from institutions are selling on positive news, and buying on negative news - that's how they are making money (from retail traders). i keep reading posts about people making predictions based on their rational analysis, you might as well flip a coin to predict the markets direction. to make matters worse - the market is not trending, it going up and down everyday, most traders don't close soon enough or simply get stopped out. and what's with all those end of the hour rallies or sell-offs? i am sure most experienced traders make money when the market swings up and down all day. But if u are new to trading and trade according to the news or the fundamentals, be very careful.