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Far-left ecnonomist Dean Baker counsels the Left-leaning media on how to ignore the good news that stocks are at all time highs (on his blog that purports to educate the media on economics):

The Stock Market is Not the Home Team: A Rising Stock Market Is Not Good News

A run-up in stock prices means that people who own stock are richer. Stock prices can go up because the future of the economy looks brighter and therefore the future prospect for corporate profits also looks brighter. In this context, where everyone stands to gain from more economic growth, a rising stock market can be seen as a good thing. However, the stock market may also rise because investors anticipate redistributions from wages or government to profits. In this case, the rise in stock prices is purely redistributive. Alternatively, the rise in stock prices may be just an irrational bubble, like in the late 90s. This is also not good news.

Unless a reporter can identify the cause of a run-up in stock prices, he/she cannot say whether it indicates good news for the economy as a whole. Therefore, it should not be reported as good news.

Translation: unless a reporter can be sure that the benefits of a thing are perfectly evenly distributed to all people, that thing should not be reported as good. So.... for example, a cure for AIDS would not be a good thing, since it benefits disproportionately that tiny minority of people who suffer from AIDS.

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