Thursday, September 02, 2004

Jiffy Market

Jiffy Market. n. 1. Instant analysis of the stock market as to the reason(s) for ups and downs. Reasons include but are not limited to: Battles raging, oil prices, Alan Greenspan, the dollar versus the Euro or the Yen, weather phenomena, the price of eggs in China.
2. A quick-service store selling gas, groceries, and beverages where I used to buy baseball cards or just bubble gum as a kid.

How is it that the Dow and the Nasdaq can be explained at their close in a 10-second segment on CNN/FOX/MSNBC which includes exactly four reasons that the market either saw increases or decreases today? Stock trading must be pretty simple.

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