I only WISH there was so much “profit taking” happening. If the market goes down it was due to “profit taking”? If that were true there’d be a LOT more rich people in the markets. But the reality is, most people wash out of the market VERY quickly. The news agencies should do the the service they CLAIM TO PROVIDE and report the actual news. Truthful options are:

• We don’t know why the market went down
• The market went down due to lots of SHORT positions
• The market went down because future earnings SUCK

PROFIT TAKING is *NOT* what’s happening. Bunch of BS.

This entry was posted on Saturday, May 19th, 2007 at 5:36 pm and is filed under Financial Markets, Retards, US Economy. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.