The world of Finance. For every bull there is a bear and for every chart there is a media outlet saying this and another saying that.
Why did stocks go up today?
Maybe a certain newspaper will be saying, the economy is totally fine. Buy the dips.
A certain website will be saying, the economy is so bad, central banks are about to prime the pumps. Buy the dips.
Another website might be saying, short interest has gone up, hence stocks went up on a short squeeze. Short the rally.
This simply means, if you want to know reality, you have to read more. Read local news. Read world news. Read online news. Read alternative finance sites. Read it all.
Then, draw your own conclusions.
And understand everyone, including yourself, is affected by all sorts of bias. If you are already invested in the market, think of how you might be secretly hoping for the market to go up. Tell yourself to wake up. Then, put your ego down and draw the conclusions again.
A financial writer prefers a fancy title about the precarious economic situation because that draws more viewership. An agent shows you dollar cost averaging charts because investment linked stuff net the most commissions. An editor of a stock analysis website tells you to "BUY BUY BUY" because, well, the next question is "Buy what?", then "Please sign up for my stock recommendation service". (Yes its Motley Fool)
You get the gist.
Everyone is a fool to a certain extent. Be discerning. Explore and read more. Be the lesser fool.
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