Written by Josh Brown aka The Reformed Broker
http://thereformedbroker.com/2015/06/05/on-rates-jobs-stocks-and-the-economy/
Here's a clip:
"Why did stocks go down when the Bureau of Labor Statistics said that almost 300,000 new jobs were created in May and that another 30,000 or so were being added to the March and April tally?
Because stocks don’t go up on good economic news, they go up on bad economic news.
Why?
Because people are rate-arded and they think emergency-level stimulus from the Fed is preferable to an economic expansion.
Why?
Because the media has trained them to think that way.
So anytime there’s good news, it’s really bad news for investors.
Yes. Except when it isn’t.
Huh?
Well, sometimes there will be good news and then stocks will go up because of it.
Then how do you know what to root for, if good news is alternately good or bad?
You don’t, it’s a fucking game with rules that change every week.
Then why would otherwise intelligent people even bother playing?......................................"
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