Over the weekend, I read an article in the Wall Street Journal that stocks were up because of good news regarding the European financial reforms.
Oops! Headlines of the Wall Street Journal today: Markets Doubt European Deal.
“The glow of last week’s European Union faded Monday as global investors drove down stocks …amid concern (about European financial reforms).”
Today, or perhaps tomorrow, there will be another rumor regarding the European financial reform – which will send stocks back up. Then there will be a disheartening rumor. And on and on it goes, up and down.
Is it just me, but does anyone else think that perhaps the stock brokers are just playing with our heads – creating rumors and making money as long as the stock market is dancing up and down at a faster and faster pace, like the hula doll on the dashboard of my car?