Give Me a Break!

From ABC News today:

Tuesday, just after the New York Stock Exchange bounced in and out of the 500 point pothole, an interesting item appeared on the blog site for the U.S. News & World Report. In it, senior writer James Pethokoukis asked the interesting question: “Did the Drudge Report help tank the stock market?” In fact, there were a number of other, more likely, causes, ranging from Alan Greenspan’s warning that morning about a possible impending recession, falling durable orders and housing sales, rumors of China instituting a capital gains tax, etc. But still, Pethokoukis’s question was intriguing.

It is not an intriguing question. It is an ignorant question. Excuse me while I go pull my hair out…

Read article.

---
You might like my 2017 epic release: Trend Following: How to Make a Fortune in Bull, Bear and Black Swan Markets (Fifth Edition). Revised and extended with twice as much content.