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Poor and StupidHow big government, big business, big media and big academia block your road to financial freedom- and tell you it's for your own good. |
AND TRADERS ARE SUPPOSED TO MAKE DECISIONS BASED ON "NEWS" LIKE THIS?
Posted on 06/28/2006 00:00 AM | Link | Post Comment
Bloomberg spins a bear market. According to "Donny Baseball":
Check out this TOP news story entitled, "Pessimism on U.S. Stocks at Highest Since Rally Began." Fair enough, but delve into the article and you learn this: as of the June 23rd survey results, bearishness stood at 35.6% (this you learn in the second paragraph), while bullishness stood at 35.6% (this you learn in the last paragraph). So what happened over the course of a week? Bearishness increased to 36.3%, a 1.9% increase (again, paragraph two). Bullishness increased to 37.4%, a 5.1% increase (you guessed it, last paragraph). Naturally, bearishness gets the headline.
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