Can Public Sentiment be Gamed?
View Comments Published by cory May 8th, 2010 in consumer confidence.So the market drop on Thursday is being considered the result of an accident. Many folks had enjoyed the recent stock market which had moved us a lot further along in feeling like the economy is coming back. But then one uncertainty sends our fragile mindset into a tailspin. The day after the drop, the S&P 500 went down even more…
What’s even worse is that we even had some pretty good news on the jobs front come out yesterday. No matter, we’re already swayed.
Have to wonder if any highly capitalized hedge funds realize they may be able to move the market now. Volatility and fear never make for good growth.
Update: I guess $1 Trillion in a bailout from the EU gets us closer.