Zeev's Turnips Patch-No Politics (ZEEV)

[augieboo]

Stock markets rallied last week because it looked as if war with Iraq was going to be postponed. Yesterday the markets rallied because it looked like the war was about to begin.

The two reasons contradict each other. The explanations do
not make sense unless the markets are being rigged.

No. That is simply not true, from a purely logical standpoint.

The "explanations" do not make sense because the explanations do not make sense, i.e., at least one of them was wrong (if not both).

What does this tell us?

Very little. It does, however, offer (yet) another piece of anecdotal evidence as to why we should not listen to the news media when they attempt to explain why the market does one thing or another.