The recent fluctuations of the stock market revealed with unutterable transparency how hypocrisy and fake news marinated the news reports written and broadcast by liberal reporters, commentators, television news people and everyone across the media.
There was almost a profusion of joyousness that the stock market went down 1100 points in one day — a historic fall.
The collective wisdom of the liberal national press was that the stock market was collapsing and that it might collapse entirely — which is always a possibility.
We saw this in 2008 when the stock market lost trillions in value and dropped to 6,000 in 2008.
Those of us who know virtually nothing about the stock market understand this: it rises or falls everyday and runs entirely on speculation good and bad.
There is no rhyme or reason to the stock market.
At times it goes up when every bit of earnings news is bad.
Sometimes it falls when good earnings are announced.
The 1,100 point drop this week was preceded by a weakening in the upward rise which began last week.
In other words, the 26,000+ stock market was showing signs of going the other way, and then came the tanking, the 1,100 point loss.
The cries from the liberal media were predictable.
What is President Donald Trump going to do now that the stock market is crashing?
Or it went like this collectively: Trump is the cause of the crash.
But President Trump had nothing to do with the downturn which, like all others, was a mass sell-off, what is nominally called a sell-off or a profit taking.
After all, everything about the stock market is about profits and losses.
When stocks are very high, as they are today, owners at some point take their profits.
When stocks are low and there is no speculation, the market drops continually until it reaches a new low.
So this week’s traumatic ups and downs are about the fickleness of the stock market and its abusers.
It had nothing whatsoever to do with worries about inflation or President Trump.
It has to do with owners taking huge profits and loving it and there being many more sellers than buyers.
If you want to listen to people who have little to no idea what they are talking about, turn to Bloomberg radio and delight yourself.
It is great entertainment, almost as good as listening to the weatherman or woman.
And as for the stock market — stock prices are way too high and it is time for a correction.
But then, what the hell do I know?