The market is having a tough day. S&P500 is down nearly 4%.
In other news, the headline writers for Yahoo Finance are having a tough day. The current headline:
Stocks Extend Slide on Lack of Positive News
I love the creativity.
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Thursday, March 5th, 2009 at 10:21 am
It Must Be Tough to Come Up with Market Headlines All Day
By Jeff
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2 Responses to “It Must Be Tough to Come Up with Market Headlines All Day”
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Its pretty amusing to read the yahoo finance headlines. If the market is down they feel compelled to give a reason even if one is not readly available.
Sometimes if its down a few points they still give a reason and then when it switches to be up a little bit they give another reason why its now up 10 points. If they dont have a good reason they shouldnt print anything other than “The market is down x points”
Houston:
I couldn’t agree more.
Many (most?) days it isn’t clear why the market is moving whichever direction. Even the best hedge fund managers and the most educated economists don’t know.
But yet the journalists always have the answer.