Is it just me or is the stock market completely out of touch with reality?

I don't now much about it but it seems that the market only reacts to the news of the day and completely ignores the big picture.

Yesterday Wal-Mart say's it was doing good so the market jumped.

Today oil prices jumped and the unemployment rate jumped so the market dropped.

Like no one knew that oil prices were going to jump again!

I guarantee that in the next few days someone will come out with good news about some crap and the market will spike again.

I work for GE. Our first quarter results this year showed that we made ONLY 3.5 BILLION dollars. Well we said we were going to make 3.8 Billion so our stock dropped from $38 to $30. WE STILL MADE 3.5 BILLION DOLLARS!

I think Wall Street is more like betting on a popularity contest at a high school than a legitimate investment.

 

I stay away from wallstreet. Never got interested in that crap. I have better things to do.

 

I'm actually having a good time in the market these days...buy in the dips, sell into the strengths. If you have some extra cash, it's a good time to buy into something...anything really. Mutual Fund prices will drop today, good time to buy...these funds usually give a good dividend.

Some of the small cap oil companies are good stocks to get into...I'm pretty small time, but I've made a few $k's the past couple of months...couple of mouse clicks is all it takes...and a bit of nerve.

But IRT to the bigger picture...with the recent market activity, I just don't look at my long term investments...that will drive you crazy..

 

I work five blocks from wall street

 

I don't think u get what I'm saying.
I think the whole premise of what makes stocks go up and down is ridiculous. It seems to me that it's all based on perception and media sway and not on real financial stability.

 

I understood what you said...I'm just saying stop trying to figure it out...use the market craziness to your advantage. I don't believe, at least I don't look at the market as a meter for how the economy is doing...just because Wal-Mart had a bad quater does not mean the economy is going to pot.

Unless you are a market maker, nothing you do will influence what happens on the Street. Even a ridiculous market can make individuals like us money..

I say keep it crazy...at least until I retire...then keep it stable..