Confirmation Bias

No, the stock market is not ‘finally taking “X” [insert pet cause] seriously’ when there are back to back down days.

Not very many things move the market, and when they do, they almost always move it fast. If your inclination when seeing the market go down 1% is to shout from the rooftops that at last your worldview is vindicated because the markets agree with you, keep in mind there is a 95% chance the market couldn’t care less about whatever you think the problem of the day is.

The market goes up and down — many timesĀ for no discernible reason.

 

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