What events trigger a market to rise and what triggers a fall? Conventional wisdom tells us “good events” should trigger a rise and “bad” events should trigger a fall. Correct?
No. Wrong. The basic assumption that you can isolate “one” event to the day (or month)’s market performance is a media myth – necessary to make you watch tv and read such postings. Writers generally get a kick out of people reading their posts – never mind (like yours truly) we do not make money with our postings!
In 1945 when President Roosevelt died the American markets went UP by 36.44%, when in 1955 President Eisenhower fell ill the market went up by 31.56% and in 1963 when President Kennedy was shot dead the market went up 22.8%. QED.
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