Sunday August 19, 2018
Jun-12-2013 16:16TweetFollow @OregonNews
Central Banks Scale Back Protective MeasuresPhilip Northcutt Salem-News.com
I'm sure there are stock and banking gurus out there who know exactly what measures and how much scaling and support is going on, but the average investor, who is driving the market, has no idea what the five-word-phrase means.
(SANTA ROSA, CA) - Google, "Central banks scale back supportive measures," and you will get a whole host of stories about the stock indexes taking a down turn due to this "scale back."
What you are not likely to find, however, is any stories directly relating to what a "scale back," is exactly, or what measures they are talking about. Which banks? What measures?
This seems a bit odd to me. Hundreds of news sources all using the same terminology. Actually the same exact term. "...banks scale back protective measures..."
The odds of any two people or journalists (because journalists aren't real people) using the same five words in a row is fairly low, I'm sure. Unless they have been systematically fed those words from another source. Obviously, in this case hundreds of news agencies and journalists have used these five words randomly and it must be sheer coincidence.
Each story tells of how US stock indexes have taken a downturn and this is due to the magic five word phrase we discussed earlier. None of them really describes, which indexes, what the actual cause of the downturn is, or what measures are being scaled back.
I'm sure there are stock and banking gurus out there who know exactly what measures and how much scaling and support is going on, but the average investor, who is driving the market, has no idea what the five-word-phrase means. Regardless, these hundreds of stories will cause the market to move simply through their conjoined influence over the average investor and the marketplace.