brian0918 Posted October 8, 2008 Report Share Posted October 8, 2008 (edited) Every morning I've been watching the changing headlines on Yahoo Finance. They never seem to learn from the past. These last few days, the govt/Fed have been taking a new action every day that's supposed to save us all. In the morning, stocks start to rise. YF says: Market Soars As Investors Look Favorably to New Govt Intervention! Half an hour later, stocks plummet, YF changes headline to: Market Plummets As Investors Find Little Relief in New Govt Intervention. That's been the case for at least the last few days, and the same thing happened today. Stocks went up in the morning, they released their first headline, then stocks plummeted immediately and they released their revised headline. It's almost like watching the Ministry of Truth in action. Edited October 8, 2008 by brian0918 Quote Link to comment Share on other sites More sharing options...
Ordr Posted October 8, 2008 Report Share Posted October 8, 2008 I've been watching the exact same stuff, lol. Great fun. Quote Link to comment Share on other sites More sharing options...
softwareNerd Posted October 8, 2008 Report Share Posted October 8, 2008 Most of the time, the explanations that go "The market rose/fell because ....." are simply someone's guess at reasons. On TV, there's another tendency: to interview bearish folk on days the market goes down a lot, and bullish folk on days it jumps up. Funnier still, are the guys like Larry Kudlow, who will put a political spin on every up and downturn. I haven't watched him for a while, but I wouldn't be surprised if he was saying things like: "the market is going down because Obama is increasing his lead in the polls." Quote Link to comment Share on other sites More sharing options...
brian0918 Posted October 8, 2008 Author Report Share Posted October 8, 2008 Funnier still, are the guys like Larry Kudlow, who will put a political spin on every up and downturn. That reminds me of this couple on one of the Jesus channels, in which the pasty-faced wife reads news stories, and then the camera cuts to the jolly old husband talking about how these news events are described in the Bible, with citations as necessary. Quote Link to comment Share on other sites More sharing options...
softwareNerd Posted October 8, 2008 Report Share Posted October 8, 2008 That reminds me of this couple on one of the Jesus channels, in which the pasty-faced wife reads news stories, and then the camera cuts to the jolly old husband talking about how these news events are described in the Bible, with citations as necessary.Loons! Everyone knows that the volatility was predicted by Nostradamus, when he said "In the reign of the shrub, there shall come thorns and flowers". Obviously, "Bush" is simply another word for shrub, and the highs and lows of volatility are well represented by thorns and flowers. Quote Link to comment Share on other sites More sharing options...
IchorFigure Posted October 8, 2008 Report Share Posted October 8, 2008 That would be great to printscreen some of these headlines, and then juxtapose a montage of them together to show how ridiculous they are. Quote Link to comment Share on other sites More sharing options...
brian0918 Posted October 8, 2008 Author Report Share Posted October 8, 2008 That would be great to printscreen some of these headlines, and then juxtapose a montage of them together to show how ridiculous they are. Well, we need only wait until tomorrow morning. Quote Link to comment Share on other sites More sharing options...
brian0918 Posted October 8, 2008 Author Report Share Posted October 8, 2008 This is absolutely ridiculous! They must be violating some sort of journalistic standards with these idiotic stories. The Dow was up 120 points for 15 minutes, and the headline said that Stocks Are Up As People Hunt for Bargains. They claimed the reason for the 15 minute hike was bargain-hunting. A half hour later, it's down 200, and *poof* the headline magically disappears. I bet they have an automated system that spits out these bullshit stories every time the Dow hits certain highs or lows. Quote Link to comment Share on other sites More sharing options...
softwareNerd Posted October 8, 2008 Report Share Posted October 8, 2008 The Dow was up 120 points for 15 minutes, and the headline said that Stocks Are Up As People Hunt for Bargains.When there is no "external" explanation for the market going up, they'll call it "bargain hunting", and when there's none for it going down they'll call it "profit taking". Quote Link to comment Share on other sites More sharing options...
adrock3215 Posted October 8, 2008 Report Share Posted October 8, 2008 A half hour later, it's down 200, and *poof* the headline magically disappears. I bet they have an automated system that spits out these bullshit stories every time the Dow hits certain highs or lows. Shell out a few grand and get a Bloomberg. Then you'll get the real headlines, and you'll get them at the same time traders at major investment banks get them (which is usually at least 10 minutes before you see them anywhere else). Quote Link to comment Share on other sites More sharing options...
K-Mac Posted October 8, 2008 Report Share Posted October 8, 2008 This is absolutely ridiculous! Okay, this is seriously funny and worthy of some screen shots. What's the link? Quote Link to comment Share on other sites More sharing options...
adrock3215 Posted October 9, 2008 Report Share Posted October 9, 2008 Is anyone else tired of the photos of traders on the floor in the press? This page is hilarious. It makes fun of the practice by displaying the correct facial expressions according to how much the market drops. Quote Link to comment Share on other sites More sharing options...
IchorFigure Posted October 15, 2008 Report Share Posted October 15, 2008 Now that some time has passed, I thought I'd post the results of my Yahoo Finance collage thus far. The dates and times go from top to bottom, earliest to latest. The pics are quite big so just take note if you're on a slower pc. Quote Link to comment Share on other sites More sharing options...
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