Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Blind To Reality
IBD Editorials ^ | 14 June 2007 | Staff

Posted on 06/15/2007 5:54:13 AM PDT by Kitten Festival

Journalism: The Dow had just pierced 13,000, but TV news anchors couldn't fathom why. All the data, they noted, showed the economy doing worse, not better. But therein lies a problem with media market analysis.

Now, we'll gladly stipulate that knowing why the stock market is acting the way it is on any given day is difficult, if not impossible. Yes, you can guess, as many do, but no one knows for sure. The real reason doesn't usually become clear until months later.

But that's the point. Daily market action usually doesn't reflect current conditions, let alone old government data. Investors are buying or selling based on their perception of conditions six to nine months in the future, not where the GDP was last quarter, the CPI was last month or bond yields are this week.

But don't tell that to Katie Couric.

(Excerpt) Read more at ibdeditorials.com ...


TOPICS: Business/Economy; Culture/Society; Editorial; Government
KEYWORDS: economicmorons; economy; msm; myths
The leftist media is continuously telling whoppers through its ignorance. It won't stop doing it.
1 posted on 06/15/2007 5:54:14 AM PDT by Kitten Festival
[ Post Reply | Private Reply | View Replies]

To: Kitten Festival
All the data, they noted, showed the economy doing worse, not better.

Which data is that?
2 posted on 06/15/2007 5:56:09 AM PDT by Eagle of Liberty (The United States of America is the only country strong enough to go it alone.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Kitten Festival

‘swhy they’re in a layoff mode. Nobody’s buying their crap.


3 posted on 06/15/2007 5:56:41 AM PDT by Eric in the Ozarks (BTUs are my Beat.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Kerretarded

Democrat Talking Points.


4 posted on 06/15/2007 6:16:24 AM PDT by massgopguy (I owe everything to George Bailey)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Kitten Festival
This editorial rips up Perkie Katie and Charlie Gibson for projecting what the market's gonna do by looking backwards. Wrong!

Last paragraph of the article:

The only way to follow the market, in our opinion, is to watch it on a day-in, day-out basis. It is acting healthy or isn't it? If it is, there's even more upside for those who have ignored all the bearish nonsense in the media.
Amen!
5 posted on 06/15/2007 6:40:32 AM PDT by upchuck (IMPORTANT! -> Immigration: What the Deal-Makers don't want you to know -> http://tinyurl.com/2pwp6o)
[ Post Reply | Private Reply | To 1 | View Replies]

To: upchuck
The article mentions the high level of shorts in the market as one possible reason the prices go up. Eventually those short sellers are going to have to cover their positions, and that means good times for the people who actually have the stocks.

The shorts are probably the ones watching all the gloom and doom media coverage. That makes them the natural prey of the operators who ignore the perky one and her ilk, because they're too busy watching the market itself.

6 posted on 06/15/2007 7:22:16 AM PDT by thulldud ("Para inglÚs, oprima el dos.")
[ Post Reply | Private Reply | To 5 | View Replies]

To: Kitten Festival
Journalism: The Dow had just pierced 13,000, but TV news anchors couldn't fathom why. All the data, they noted, showed the economy doing worse, not better. But therein lies a problem with media market analysis.

Not to worry, if a Democrat president is elected in 2008 the liberal MSM will know who to credit.

7 posted on 06/15/2007 11:15:03 AM PDT by RJL (Mexico must have incriminating photos of Bush from his drinking days.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Kitten Festival

Headlines are getting just as unfathomable as email spam subjects. The accompanying articles are not much better.


8 posted on 06/15/2007 11:18:11 AM PDT by RightWhale (Repeal the Treaty)
[ Post Reply | Private Reply | To 1 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson