Stock futures fall on concern over Europe’s banks
This was a headline reported today by AP. Every day there is a similar story about why the market was up or down. These stories are both inaccurate and stupid, yet they continue to be written.
If futures are up tomorrow, will that mean concern over Europe’s banks has gone away? If so, what problems were solved? If futures are down the day after tomorrow will that mean concern over Europe’s banks has returned? If futures were up today, the headline would have been “Stock futures up on improving jobless claims.”
In actuality the market fluctuates every day, and barring some cataclysmic event, no one really knows why. Still every day some made up reason will be reported on the news.