Bulls Run, But For How Long? (Clymer News Network Talks The Economy Down...Bias Alert!)

Clymer News Network ^ | October 15, 2002 | Parija Bhatnagar

[Recovering_Democrat]

U.S. stocks rallied to a rare fourth straight winning session Tuesday, but weak results announced after the bell by Intel and top chip-equipment maker Novellus could stop the bull run in its tracks.

No. 1 chipmaker Intel posted a third-quarter profit, excluding charges, of 11 cents a share, missing Wall Street estimates by 2 cents. Intel shares dropped $1.33 to $15.19 in after-hours trading.

[Recovering_Democrat]

When George W. Bush was giving warning signs of a weak economy, much ballyhoo was raised by the Clymers in the press--parroting their liberal tin gods about how he was "talking us into recession" and other such rot.

When the market has a great winning streak, who do we see flumoxed? Yes, indeed, the press.

Markets do go up and down, I know, but suspicions are aroused when the lead Financial story on cnn.fn, after every market rally, seems to be filled with quotes from Bears. Almost makes me think some at that network want the economy to be bad--at least until November 6.

[My2Cents]

Good points, RD. I think the market is rallying, in part, because of signs the Republicans may recapture the Senate.

[ChadGore]

When an entire news channel decides to blather about one topic, and one topic only for the last 30 days of an election, how does one coulter that message ?

CFR sucks.

[Recovering_Democrat]

I hope you're right, o Huangesque Freeper friend.

[billhilly]

"Almost makes me think some at that network want the economy to be bad--at least until November 6."

You can drop the "almost" from your observation. This market rally has to be more frightening to democrats and their media co-campaigners, than another terrorist strike. They are running out of time and their only hope is to create fear in the minds of the public over the economy. Nothing else will work for them.

I am just as frightened of their somehow pulling it off.

[Tauzero]

"I know, but suspicions are aroused when the lead Financial story on cnn.fn, after every market rally, seems to be filled with quotes from Bears."

Given that each rally over the last two years has ultimately failed, why would you be suspicious?

All it shows is that it took massive declines for the major media to finally understand we're in a bear market. Par for the course.

[thulldud]

When an entire news channel decides to blather about one topic, and one topic only for the last 30 days of an election, how does one coulter that message ?

Seems like that question answers itself....