First of all - earnings season. Ok, so we had a -23,5 point day in ES, but its not more than 12 trading days since we had a +20 point gain. And that was the first of 6 consecutive days ending in green territory. After that we had 4 red days in earnings season with also pretty strong comeback in oil (iran + nigeria worries) etc. Nothing special really, not yet...
Your lack of respect for knowledge explains your ignorance. Unfortunately your rudeness signals stupidity. Hopefully it's just an isolated outburst.
Quote from hans37: You must be a professor because you are obtuse and like to hear yourself talk. Quote from hans37:reference maverick No fool is as unabashedly willing to demonstrate their folly as a man who thinks himself the educated expert.
No need to be an educated expert here. This is basic freshman year ECO 101. If you don't understand money supply and credit there are many web sites I can point you to that will alleviate this problem.
as a service to mankind, kindly post one or more of the referenced econ educational sites. thank you,
For you Surf, anything. http://wfhummel.cnchost.com/misconceptions.html It took me all of 2 seconds to pull this link up on Google. Here is a brief excerpt: "Where does all the money go when stock prices plummet? This question mistakes the monetary value of stocks for money itself. Stock prices simply reflect the current market value of the shares. At the end of the day, buyers own more shares and less money, while sellers own fewer shares and more money. Their aggregate financial wealth may be higher or lower, but the total amount of money they own remains unchanged." Gee wiz, where have I heard this on this thread before? Hmmmm. Let me think, oh yeah, it was me! LOL.
Take your pick... http://www.investopedia.com/university/fiveminute/fiveminute1.asp http://www.aarp.org/bulletin/faceoff/a2003-06-25-plungingstocks.html