Trader Toss

On days like today everybody tries to dissect the movements of the market as if the market is some sort of perfect discounting mechanism. "The temporary workers this. The hours worked that blah blah blah". What was the market discounting at the April highs? What was the market discounting at the lows a month ago? Has the value of all US businesses gone up by 11% over the  past 5 weeks? In reality markets are made up by humans with emotions that have mood swings from optimism to pessimism and back. Right now we are closer to optimism but might still have more to go. Have a great weekend.

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