Posted by
Andrews on Friday, October 30, 2009 10:06:02 PM
I am puzzled at the Dow Jones Industrial Average. I have been following the headlines, and, as the news seems to report only when the Dow rises, I think the Dow should be about 15,000. However, checking today it is about 9700. What is going on? It couldn't be that the news channels are simply failing to report substantial drops (like Friday's fall of over 250 points), could it? Surely the news would report drops as well as rises? They are unbiased and objective, right? They wouldn't report only positive economic news and sit on the negative, would they? Why? I recall when Bush was president, they were reporting bad news constantly; obviously they can report bad news. So what happened?
As I said, I am puzzled.
POSTSCRIPT
Actually, to be fair, when they talk about health care, the media is full of negativity and tells us constantly about how defective the current system is. And when the president was trying to promote his trillion dollar stimulus bill they certainly told us over and over how bad the economy was. But ever since the stimulus, I have seen a strange dearth of bad economic news. If I went only by what was in the headlines, I would be convinced unemployment was back below 5%, the Dow was pushing 15,0000 and the economy was roaring along in great shape. Which is quite odd, as the non-headline news seems to point in the opposite direction. It is almost as if they try to bury the bad news so those who rely on headlines and quick sound bites won't notice. But the unbiased, objective media wouldn't do that, right?
As I said, puzzling.