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Dumbest stock story of the day (so far)...

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May 08, 2007 – Comments (0)

Once again, the AP does it.

U.S. stocks headed for a lower open Tuesday following a moderate pullback in stock markets overseas. The selling overseas follows strong runs there and on Wall Street in recent weeks, perhaps making a bit of a breather overdue

This kind of nonsensical pap is a great example of what's wrong with American stock coverage by the media: too much attention to short-term nonsense, including predictions that may or may not come true.

Anthropomorphizing concepts like markets doesn't make for appealing copy. It makes for a culture of ignorance. AP, get your act together.

 

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