By Mary Anne and Pamela Aden and the Dow Theory Team
Maybe it's mean to say this, but I think it's rather pathetic the way investment advisors, newspaper reporters, TV commentators and the so-called Wall Street gurus all try to explain away the day to day moves in the market.
Good or bad business news is announced and the market rises, stalls or sells off. Corporations issue rosy quarterly statements and their stocks sink. Recently, the CEOs of a number of major corporations stated that their companies were doing well, and that their stocks "should be" rallying instead of declining. The CEOs were obviously angry.