> "it can only tell us if investors believe that it will lead to an increase or decrease of investment income." I think that's rather his point. It's well-und

> "it can only tell us if investors believe that it will lead to an increase or decrease of investment income." I think that's rather his point. It's well-understood here that movement in the market is but a tiny window into a huge range of financial bets. But the overwhelming majority of financial reporting perpetuates the myth that the window is providing a value judgment on the economic impact a particular action. E.g. We know an uptick following a bailout is as likely caused by a desire to cash in on a sucker's rally as by optimism about long-term value. But articles such as the above link persist in suggesting that the uptick means the bailout is good, or helpful, or assuages actual concerns.