Media, Brokers & Stock Prices

“Earnings will be good and therefore stocks will go up”. The market trashes this kind of facile short-term punditry of media and brokers time and again. But few investors seem to be bothered

For weeks before the earnings’ season began, the entire media, especially the television media, has been peddling the view how the market direction will be set by the nature of corporate earnings. This...

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