Fundamentals, Shmundamentals

It never ceases to amaze me how the media tries to explain every wiggle in the market based on fundamentals and never attribute any movement to psychology.When the payrolls number came out the media reported it as terrible. Now that the market is rebounding they are grasping at straws trying to explain why the numbers are good. The fact is that people want in and they don't care about no stinkin' fundamentals. Greed has taken over.

2 comments:

Chaos! said...

FYI-Cowen upgraded SPG.
Market looks like it has to trade up before down. Very tough way to star the year, but patience is virtue!

Anonymous said...

There is a lot of news and published opinion that the cre is oversold and undervalued.

There's tons of other reits that trade at a buck or two.