What is the goal of any business? To make money. When you watch the news we need to understand that they entertain so that they can make money.
Stock market news is no different.
The people reporting on the stock market are in the business of entertaining. It might be a man that screams at you for an hour per day. Those types of shows are just for entertainment. What if the screamers were forced to post their record once per month? How long would they last?
The media in today’s time is in the entertainment business. It could be deflated footballs, bird flue, swine flue, oil spills, or stock market news. Whatever the story might be the media will always make it bigger that it really is.
We need to forget the noise and trade the trend.