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comment by b_b
b_b  ·  2993 days ago  ·  link  ·    ·  parent  ·  post: Poverty rate down, Incomes Up

Did you look at the markets today? Got hosed. We're in a situation where everyone is afraid that the music is going to stop, so good news leads everyone to scramble for a chair. Dow lost like 250 points today :)





asteroidblues  ·  2993 days ago  ·  link  ·  

zerohedge reference?

b_b  ·  2992 days ago  ·  link  ·  

Not intentionally, no.

blackbootz  ·  2993 days ago  ·  link  ·  

I'm somewhat familiar about the market taking a hit, I just don't understand why the good news leads to scrambling. Normally good news leads to bullish behavior, no?

snoodog  ·  2993 days ago  ·  link  ·  

In this market bad news is good because it indicates more fed buying and QE activity. Good news means that the Fed may sell and since the fed is such a huge player even the hint that the fed may sell and/or raise rates leads market players to panic.

user-inactivated  ·  2993 days ago  ·  link  ·  

Am I wrong in thinking that sounds counterproductive?

user-inactivated  ·  2993 days ago  ·  link  ·  

You are not wrong. You are not playing casino with the global economy like Wall Street is.