Energy markets rise on Sandy, insurers fall

Comments (1)
NorthStarMan wrote:

So everyone has become more fearful over the weekend? Give me a break. Earnings season and a number of revenue revisions to date have already flagged that, I guess the speculators and auto traders are at it again, driving the markets lower to pick up cheaper stock. This ‘game’ will play out as follows:
1. stocks go down because of growth fears, earnings expectations are reset
2. Earning beat the reset expectations next year and stocks go up, but global growth is still lacking.

The stock market is a rigged game, but unfortunately is the only game in town, so pick your stocks carefully ladies and gentlemen.

Oct 29, 2012 7:06am EDT  --  Report as abuse
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