these talking heads have people on the edge of their seats. Blithering idiots.
I would submit that the blithering idiots are the people who listen to any of them. In a recent post I pointed to two news releases on Form Factor less than a month apart. The first raised the price estimate signifigently. The next warned of probably missing estimates. Both were Citygroup. Analysts think little about your account. There is the relationship with the company, and a little item of whether thier firm is buying or trying to off load shares.
The news is not important. The price action is. Listen to the supposedly smart explainations for why the market was up or down any day. Maybe rational, maybe not, but immaterial. Even if you have an up to the minute news feed you are late. The big players have an edge in evaluating and reacting.
I've had stocks dump on me based on completely false news. Nothing you can do about it.
One man can't make the dow drop 100 points (with minor exceptions, like the Secretary of the Treasury). The business reporters are under pressure to come up with a reason for every little wiggle in the markets, so they do... after the fact.