But isn't it great to hear the sound of speculators losing billions of dollars on market volatility.
Has oil topped out? Have financials bottomed out? Has stagflation set in? On and on, investors ask economists and financial gurus these questions. The experts look into their "crystal balls" and come up with the usual long or short winded explanations of what is happening and what is going to happen.
This fortunetelling makes good press releases, but it really doesn't tell anyone whether we're going to hell or making a recovery.
Whether you're bull or a bear depends on the mood you're in.
What is reported in the media are fixations over commodities, energy futures and financial incompetence.
Personally, I think we've reached the end of an age (i.e. The 20th Century Oil Based Economy). The 21st century will be based on alternate energy sources like solar power.
Stock markets always look into the future and for "the next big thing."
Speculators and investors are clinging to what they have or trying to get back what they've lost.
The old stock market game is over and the new one has begun.