Why Investors Continue To Find Comfort In The Stock Market
Investing News Network - February 25th, 2011
Business Insider, The Daily Reckoning, discusses the midday turn on Wall Street yesterday, despite the continuing unrest in the Middle East.
Business Insider, The Daily Reckoning, discusses the midday turn on Wall Street yesterday, despite the continuing unrest in the Middle East.
The editorial is quoted as saying:
Net-net, US investors continue to exhibit very little anxiety about stock price trends. They continue to cling to US stocks like a baby clinging to a “blankey.” Presumably, these investors consider the recent events in the Middle East to be of transitory and/or minor significance. By extension, the resulting spike in oil prices must be nothing more than a pothole on the superhighway to robust stock market profits.