Why Day-to-Day Financial News is Useless
Rewind to yesterday. If I asked – “Do you know who Juergen Stark is?” – what would your answer have been?
Mine would have been “no”. Same for the two financial advisors I spoke to this morning. But apparently we all should have known because Mr. Stark is single-handedly capsizing the markets today.
Yes, I write that with thick sarcasm. As much as I avoid CNBC and the nonstop nonsense explanations around the day-to-day moves of the markets, sometimes my frustration gets the best of me.