Reply #120: Well, it is legalized gambling after all. [View All]

[ozymandius]

What skews the normal cause-and effect logic of the gamble is assymetrical data that influences the outcome. It's the asymmetry that digs at my analytical thought process, weighing individual sectors' actions and overall influence on everything else. That's why today's surge in banking stocks led by JP Morgan's profits (the supposed saving grace of the Dow) make me say wtf?. Remember yesterday's disappointing drop in profits among Citibank and Wachovia?

Am I to believe that declining profit ratio among Citibank and Wachovia bled 62 points from the Dow but JP Morgan Chase's et al's okay growth fueled a 128 point boon? Meanwhile the Beige Book says that inflation is tame? Hardly logical. Even healthy cognitive dissonance brought on by the chaos of assymetry cannot will these results into a believable package.