One story said it was profit taking, another says it was service sector weakness. Since the writers cannot possibly know, they are making it up.
http://biz.yahoo.com/ap/080205/wall_street.html
It would be possible to know, and thus make a valuable resource, if someone were to take the time to do a valid and reliable survey daily, sort of a neilsen Ratings for stocks, to get an idea of why people bought or sold their shares on the market. It could be done, but I suppose if someone can get paid without working, he will.
Tuesday, February 5, 2008
"Newswriters" Still Making Up Market stories
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