Why Was the Market Up/Down Today?
Below is a synopsis of this investment report:
- Market pundits are obsessed with understanding the short-term movements in equity markets.
- According to those who follow the daily market moves closely, raising cash to pay taxes was the reason the market fell last Friday.
- The daily moves in equities are often a mystery, and the explanations conjured by those who claim to have a feel for the market should be taken with a grain of salt.
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