Don't Believe the Hype

Updated

Monthly chart from the early 80s of SPX. From Nov/Dec of 1980 to Jul 1982 SPX went from approximately 141 to 103 over a year and a half period. A 27% loss overall. Here is a headline from Jan 81 - "Economy Shows Surprising Strength". There are many examples of this in the past. Use Google's news search tool and search dates just before the market had severe downturns. No one predicts them accurately and the news always pushes sunny sounding headlines just before it hits. Ill put a link to the news article below. Just saying - don't rely on the headlines to make investment/trading decisions. Use your own market awareness.

news.google.com/newspapers?nid=1873&dat=19810101&id=49YpAAAAIBAJ&sjid=x9EEAAAAIBAJ&pg=2476,9451

Note

That link didn't work -
news.google.com/newspapers?nid=1873&dat=19810101&id=49YpAAAAIBAJ&sjid=x9EEAAAAIBAJ&pg=2476,9451

Note

Anyway you'll have to look em up for yourself but you get the idea...

chromius24

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