HO-LE-S****
I have tasked myself with reading major stock news from various websites over the past 1-3 months. To determine what exactly they report on, and how the information could be (if any) useful.
I can 100% guarantee to this group of people that it is entirely garbage.
For those of you who have never accidentally navigated to a site like this. I will explain a few concepts.
A. The stock market (SP500/DOW) isn't really comprised of many stocks. It is a line with a life of it's own. This line is kept inside of cages that it builds itself into that have TWO walls. Supports and Resistances.
Resistances, keep the line at bay from hitting the Support. Example- If the SP500 has traded between 2100 and 2125 for more than... 1 to 5 minutes/days the media will notice that the lines cannot go above or below those numbers for any reason. If they DO (they always do) an article is posted on how the SP500 is on a breakout. Like a lawless bandit.
Here is a great article entitled: "S&P 500: Fake-out Breakout Could Spell Trouble"
https://www.dailyfx.com/forex/technical/home/analysis/spx500/2016/08/02/SP-500-Fake-out-Breakout-Could-Spell-Trouble-PRtech.htmlB. The fundamentals never call for the market to go up. The market should be at 1926 levels because the fundamentals say so. Any time the market goes up an article must be posted. Any time the market goes down, it's the 'FED's fault.
C. "Wall Street" (whoever THEY are) is in constant awe of how the market didn't land exactly on it's forecast number. It HAS to be amazing to be this astonished nearly daily. It actually sounds fun. Again, anytime the market misses forcasts, an article MUST be written about it.
There are more.... but my fingers are tired