Is it just me or has anyone noticed all the different media outlets taking such a negative approach that it would be laughable if it wasn't so expensive?
They can't say anything positive. Its like they love misery. They could report a man winning 100 million and here would be the headline:
Alabama Man Wins 100 Million But Taxes Will Get Most Of The Money
Here are a few examples from the real financial news:
Today... The dow is up over 300 points and
From CNBC: New Red Flag for Markets: Credit Is Tightening Again
Tuesday March 10, 2009, 2:11 pm EDT
While Wall Street enjoys its relief rally Tuesday, stocks face looming danger from a familiar foe: tightening of credit.
Yahoo: Get Long Torches & Pitchforks: Bailouts "Absolutely Asinine," Ritholtz Says
CNBC: Citigroup Sparks Big Rally,
But the Pros Are Skeptical
CNBC: Union Debate Could Put Wal-Mart Rally on Strike
Every day the news is filled with this type of headline. Its no wonder the market is down. These guys make you feel like jumping off a cliff.
Just start to notice the headlines. CNBC is the champ at putting a negative spin on everything.