Tuesday, February 27, 2007

How To Get The MSM To Care About The Stock Market

I've seen this story all over my news feeds. Where was the MSM's interest in the stock market for the last couple months when it's been hitting record highs every other day?

The Dow Jones industrial average was down more than 500 points with about an hour of trading left today but then gained about 100 of it back. The Nasdaq Composite fell more than 100.

The Dow fell 546.02, or 4.3 percent, to 12,086.06 before recovering some ground. It was down 407.29, or 3.22 percent, at 12,224.97 in the last hour of trading.


A 9 percent slide in Chinese stocks, which came a day after investors sent Shanghai's benchmark index to a record high close, set the tone for U.S. trading. The Dow began the day falling sharply, and the decline accelerated throughout the course of the session before stocks took a precipitous plunge in late afternoon as computer-driven sell programs kicked in.

Presumably this is the market adjusting after China's slide. Economic recovery should follow shortly.