Is the current financial crisis being made worse by “Expert Opinions”?

ust before the presidential election the stock markets looked to
be recovering a bit. Yet now that it has past they have nosedived
again.

Why?

Did all of them suddenly decide that our new President Elect’s
message a hope and change were suddenly no longer valid? I have
noticed that a lot of the so called financial “experts” keep making
dire predictions that only seem to turn into self fulfilling
prophecies as soon as the Wall Street crowd hears what they have
said.

Maybe they have a point and are correct but I do not think it is
necessary for them to continually tell people “We’re f*cked!” so
loud and so bluntly. One thing I have learned over the years is
that the Wall Street crowd are basically a brainless mob when an
“expert” tells them things are one way or the other. And telling
them that the market is about to crash is a great way to get them
help make sure it happens!

I am not saying that they should lie about it. Anyone that buys
food or has bills to pay can pretty much add the numbers up and
figure out that something is rotten in Denmark. Or more correctly
on Wall Street and at The Fed.

What I am saying is that they need to remember that most of the
people on Wall Street are much like small children when it comes
to what the “experts” say. They tend to believe them without
question and will act accordingly. Meaning of course that they’ll
politely piss their knickers and start selling off shares so fast
it makes the market drop like a rock.

I doubt any of these “experts” will ever actually read this blog
but I feel the need to say this anyway…

For heaven’s sake people, think before you go spouting your dire
predictions and try to not make a bad situation worse than it has
to be!