CNBC headline - does it serve as a contrarian indicator

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skor99
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CNBC headline - does it serve as a contrarian indicator

Post by skor99 »

The economy is on the cusp of a major boom and economists believe it could last

https://www.cnbc.com/amp/2021/04/09/the ... -last.html

What do such ultra optimistic headlines mean to you ? The world is still suffering from a pandemic , so how does that square with a major boom ? Is it a contrarian indicator ?
Swimmer
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Re: CNBC headline - does it serve as a contrarian indicator

Post by Swimmer »

One must consider the source.

Nobody knows nothing.
Triple digit golfer
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Re: CNBC headline - does it serve as a contrarian indicator

Post by Triple digit golfer »

If it turns out in hindsight to be a contrarian indicator, it is pure coincidence.

I always assume that "news" like that has no bearing on what will happen and is no better than a coin flip.
txhill
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Re: CNBC headline - does it serve as a contrarian indicator

Post by txhill »

There's plenty of reason to think the economy will enjoy huge tailwinds as things reopen. People probably will be more productive this year than last. But what impact will that have on stock prices or other investments? No one really knows.
lostdog
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Re: CNBC headline - does it serve as a contrarian indicator

Post by lostdog »

Mostly likely could be right.

I won't take any action on it.
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Re: CNBC headline - does it serve as a contrarian indicator

Post by LadyGeek »

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Beensabu
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Re: CNBC headline - does it serve as a contrarian indicator

Post by Beensabu »

skor99 wrote: Fri Apr 09, 2021 1:04 pm The economy is on the cusp of a major boom and economists believe it could last

https://www.cnbc.com/amp/2021/04/09/the ... -last.html

What do such ultra optimistic headlines mean to you ? The world is still suffering from a pandemic , so how does that square with a major boom ? Is it a contrarian indicator ?
LOL. How they keep talking about "so many jobs!" and actually mention Powell speaking at the IMF forum and also completely ignore that he straight up said there that it's not actually looking so good for the low income unemployed and a lot of those jobs are probably about to be automated... This is what journalism has come to.
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Re: CNBC headline - does it serve as a contrarian indicator

Post by LadyGeek »

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