Why Is the Stock Market "Going Down"?

• It isn’t. It’s actually just taking a brief break from going “up.”

• Nobody knows.

• People get paid a lot of money to pretend to know.

• Stuff is so messed up, it could be any number of things really. The paper says “on intensifying investor fears about a slowdown in global economic growth” and that’s such a huge load of baloney. Oh, the investors feel fear about the globe? Cool story, bro. I mean, the DOW is scaled averages of share prices of 30 companies, not people’s feelings about Europe’s debt crisis. (Right, that’s why Home Depot shares are down 10%.) It’s called TAKING MONEY OUT OF THE SYSTEM WHEN YOU CAN. People are getting what they can get, then they’ll do that again later.

• Where were you in ‘92?

To be fair, perhaps the 5-day and the 6-month views would be helpful in terms of patterns?

Those also don’t really mean anything, you know. But the phrase PROFIT-TAKING does.