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Dumbest Stock Headline So Far This Year

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June 12, 2009 – Comments (3)

Stocks, looking tired after 3-month run, hit pause- AP

The stock market's rally is on hold and it's not clear what might get it moving again. Stock indicators barely budged this week after big gains in the prior week. The Dow Jones industrial average did manage to push into the black for the year with a modest gain on Friday but many traders are still cautious.

The AP really hits a new low with this ridiculous blurb.Is there anyone working their stock desk who actually understands how stock markets work? A good start would be explaining to the donut-eating headline writers that a market is not a sentient being, and it doesn't ever "do" anything, certainly not for any reason.And, I have news for you AP folks who can’t tell causality from coincidence: you’re never certain why anything happens in the stock market. Stop pretending, and stop insulting our collective intelligence.

Sj 

 

3 Comments – Post Your Own

#1) On June 13, 2009 at 11:50 AM, chk999 (99.97) wrote:

The cynical side of my nature says "don't be angry at stupid people, take their money".

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#2) On June 13, 2009 at 9:18 PM, Nainara (< 20) wrote:

When I turn on the evening news, all I really want to know is whether or not the market scored a touchdown.

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#3) On June 15, 2009 at 11:05 PM, alexxlea (66.94) wrote:

The stock market was sad today. It now appears it will take slightly longer to finish the 100k, thanks to recurring problems with his knees, and ended up trailing by 200 points today. His coach says that he will be able to recover after a good night's rest, and make good time in tomorrow's leg of the race.

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