If you didn’t know, my favorite website, second to facebook is Bloomberg. It’s akin to a reality show such as Jersey Shore, Housewives or Love and Hip Hop. There is a similar supply of orchestrated drama.
At 9am you may read there is a boom in homebuilding(housing starts) by 12pm there has been a fall in home sales. Or you may hear that the number of unemployment requests are down and later on there have been jobs growth on 7%. It’s as if the right hand doesn’t know what the left is doing.
I find it all entertaining until the the doom and gloom causes speculators to sell out stocks I own from under me.