“The market is down!!! Oh my!!! Hurry - we must come up with some ridiculous answers to why the market is down. If we keep repeating stuff the audience will listen. They are just thirsty for accepting the easy answers we give them.” Those are not direct quotes but I can only imagine that financial media must be saying stuff like that. I hope that you all get as annoyed with this as I do, but I suspect that is not the case for most bubblevision watchers. We have one day that doesn’t fit the perfect scenario where most everything just keeps heading higher and people start looking for excuses. I have no idea why the market is down today and I really don’t care. It is not worth the effort to find out because my experience is that tomorrow is another day, with a whole new search for explanations or excuses. More importantly, most of what we hear in the subsequent trading days will conflict with the “facts” from today. Certainly the GDP data had an impact, some profit-taking on a Friday, Saudi terror threats, marginal oil price increases…..take your pick. However, I doubt it had much to do with CNBC’s claim of a negative tech report out of Asia from a Goldman Sachs analyst. If people spent more time studying actual data relevant to their portfolio like the fundamentals, news stories and technicals they wouldn’t have time to go looking for excuses. Finding easy answers posited by financial media will not make you much money - doing your homework will.