Let me start by saying that I invest modest amounts in the stock market, so I am not opposed to stock investing. However, I sometimes think that the forces that drive the prices on the stock market are not based in reality at all. Take into account the image below which shows two emails I got within 3 hours of each other. The first email head-lined how citigroup had lost billions and revenue was down nearly 50%. Sounds pretty dire, I would say.
Fast forward 3 hours later..... I get another stock alert and it showed citigroup stock up 7% at the open. WTF???
Is there a disconnect between WallStreet and reality or is this a sign that money managers et. al are not very bright?
Fast forward 3 hours later..... I get another stock alert and it showed citigroup stock up 7% at the open. WTF???
Is there a disconnect between WallStreet and reality or is this a sign that money managers et. al are not very bright?