Media

Discussion in 'Trading' started by DVB, Apr 13, 2004.

  1. DVB

    DVB

    This is from today's article in WSJ.com:


    "Wall Street Beats a Retreat
    Despite Strong Retail Sales

    By ELIZABETH WEINSTEIN
    THE WALL STREET JOURNAL ONLINE
    April 13, 2004 2:27 p.m.

    Equities lost ground fast in Tuesday afternoon as investors, concerned about an interest-rate increase, pulled back despite upbeat earnings and economic news."


    So let me get this straight: If earnings are up it's bad for the market "because investors worry about interest rates". If earnings are down its bad too, because ... well, the earnings are down.

    Or is it possible (God forbid) that media is coming up with the news and explanations as the day goes by?