Another down day...with some laughs
When I started this blog on the downward spiral in the stock market, I doubted I could keep up but sometimes you simply cannot make up this stuff...so here are the headlines in Yahoo Finance!! today... the day opened with Meck offering to buy out Schering Plough for $41billion,
The market opened lower
Market opens lower after Merck Schering Plough deal ( Is the author suggesting some connection).
An one hour laterm the market is up
Market turns positive on Merck Schering Plough deal ( The author explains how the the deal is good news.
Next..the market is about even:
Market is choppy on Merck Deal ( Uh?)
Market dives
Market falls on Investor uncertainty ( Finally,he gets it. There is no tie between the Merck deal and the market. The market is trading on fear, not fundamentals. Nothing happened during the to cause a 200 point spread, ending in negative territory.)
In a normal market a big deal would be greeted with a minor rally. As the market approaches 6000, the "experts" are calling for 5000. What else is new. Enough for today.
The market opened lower
Market opens lower after Merck Schering Plough deal ( Is the author suggesting some connection).
An one hour laterm the market is up
Market turns positive on Merck Schering Plough deal ( The author explains how the the deal is good news.
Next..the market is about even:
Market is choppy on Merck Deal ( Uh?)
Market dives
Market falls on Investor uncertainty ( Finally,he gets it. There is no tie between the Merck deal and the market. The market is trading on fear, not fundamentals. Nothing happened during the to cause a 200 point spread, ending in negative territory.)
In a normal market a big deal would be greeted with a minor rally. As the market approaches 6000, the "experts" are calling for 5000. What else is new. Enough for today.
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