October 19, 2007
– Comments (3)
Tell these bellyachers that core inflation is running just fine! It's low! Wall Street's gonna get another rate cut, because core inflation is so low!
The headlines are such a joke. I often wonder if they are not trying to force the market with their relentless propaganda. It's like someone gets a rush off of it because they had a story that made someone else panic-sell. Like some cheap hole message board crap. That really makes these reporters lose credibility.
And oh yeah, last week, Bernie says something and the market reacts... slightly... Are they trying to measure popularity and power by how markets respond? Trying to be like Greenspan?
All I can say is - bargain shop!
The headlines are not headlines unless they are provocative. "The world ends tomorrow" is provocative; the truth usually isn't. They are doing their jobs according to their (owner's) standards. That is part of the landscape.
The Bulls feed them stories and the Bears feed them stories. Perhaps the solution is to identify the "noise" and the "wisdom" and just ignore the "noise". You've got better things to do with your time anyway. (Like researching stocks.)
That was disturbing, but then, I've noticed I am surrounded by a younger generation people struggling to make ends meet.
There are far too many two parent families, both parents working and they are going further into debt each month.