Friday, 13 March 2015

Financial News Anecdote

Straits Times article in "Money" section on 7th Mar 2015 (Saturday) headlined "Upbeat sentiment lifts local bourse", and went on to say "Hopes on positive US jobs data and optimism in Europe are key reasons"

Another Bloomberg article also dated 7th March 2015 states "S&P500 tumbled in the final session of the week after data showed employers added 295,000 workers to payrolls in February, .. unemployment rate dropped to 5.5 percent, the lowest in almost seven years."

The same reason leads to 2 very different outcomes, amusing indeed. Why is that so? Singapore is 13 hours ahead of New York, and this is a perfect example of people finding reasons to justify stock market's performance, and there isn't a need for it in the first place.

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