Financial Stocks Rise Wondrously on Woeful Results
“…triggered a rally in financial stocks. A Standard & Poor’s index of 29 companies — including lenders, Wall Street firms and money managers — has jumped 31 percent since July 15…
Some words used in this article: “triggered a rally, jumped, climbed, bounced back, progress, profitable, whopping number, could be that the worst is over”
July 25, 2008 (2 DAYS LATER):
Stocks Drop Sharply; Banks Lead Decline
“Widespread fear about the financial sector brought a dramatic end to the recent stock rally, as investors scrambled to take profits from bank shares and sent the Dow Jones industrials down more than 280 points, its worst loss in a month.”
Some words used in this article: “plunged, worried, struggled, cascading effects, paralysis, sell-off, brought down, strong run, lost, painful, sour note, weak job market, scarcity, discouraging, harder, beleaguered, woes, decline, dampening”
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1. The media is atrociously bad at prediction and I’m sick of it
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