I hope I’m not the only one left living in reality.
Thursday, July 10th, 2008
12:31pm:
Treasurys higher on energy, dollar
I honestly am tired of speculating on why the news is utterly moronic, but here’s an example of HOW it’s moronic…this happens all the time, where the article is completely false, doesn’t have one single solitary thing to do with reality. Effing bizarre…
#1: “Stocks turn mixed”
Evidence:
-111.14 -0.98%
-20.87 -0.93%
-17.19 -1.36%
There is nothing “mixed” in any way whatsoever about today’s market movement: “Stock turn down” would be true. Way down, over and over…but today, we’re supposed to believe it’s mixed. On no timescale could you call this mixed!!!
#2: “Despite sharply lower oil prices”
Evidence:
-4.84 -3.33% $
Sharply lower than what? A sex change operation??? At $140, oil is UP on any timescale longer than than 3 hours! Way UP. So it fell a few bucks. It does that every damn day!!!!!!!!!!! Then it goes up a few more bucks. Nor do these fluctuations have any association with the fluctuations of the stock markets (in the short term). They are statistically independent and random, at least on a daily time scale. But don’t forget the talking point: Oil is “sharply lower”! Spread the word - I mean sharply! Oh yeah!!! Spread it, bitches!!!!!!!!!
#3: “Despite a stronger dollar”
Evidence:
0.0017 -0.0026% 1 EUR = $
NO NO NO! Wrong again shite-for-brains!!! Not stronger! Not against anything!!! Ok? WTF?
The dollar has been hovering…for instance the Euro here…is worth $1.57 for the last 3 DAMN MONTHS!!! Same with the Pound, the Yen, and virtually all the others. It’s not moving right now people! It’s the SAME, which precludes use of the word STRONGER. The Dollar is at all-time LOWS! It is weak, and nothing has happened to even hint at that changing. And again, I must stress that there is NO CONNECTION WHATSOEVER between the daily performance of the stock market and the dollar. Total hogwash = national news. Thanks for the help newsies, why don’t you poke my fucking eyes out and squish my balls while you’re at it…
Major indexes give back early gains despite sharply lower oil prices and a stronger dollar. Investors remain wary of upcoming corporate earnings reports. more