Buy on rumor, sell on fact......   a popular saying in stock market

Sell on rumor, buy on fact is equally popular. 

Wall Street is indeed the largest casino in the world .  And everyone is following the popular meme..........sell on rumor , of recession and buy on fact of confirmation of recession on Thursday. 

In total. Wall Street has been up a couple of days already on confirmation of recession after the release of economic data of negative numbers for two consecutive quarters.......the traditional indicator of recession. 

Wall Street/ stock market is a casino, test your skills, place your bets. ..........and the rest of the world follows the dow.