Alexis Christoforous

Media Warns of $100/Barrel Oil – Still Hasn’t Happened
By Jeff Poor | December 3, 2007 | 1:44 PM EST

Remember when everyone was warning of impending economic collapse from oil reaching that mystical mark of $100 a barrel?

Over the past two months, it has been on the way according to the media. But as of December 3, the price of crude has decreased - not increased as predicted.

"Crude briefly cracked $90 a barrel for the first time and analysts say that will soon trickle down to the pump," Alexis Christoforous said on the October 20 "CBS Evening News." "Some predict gas will jump $0.20 or more in the coming weeks. And if crude tops $100 a barrel, they say we could be looking at $5 a gallon."

A Ho-Hum Christmas Already?
By Julia A. Seymour | November 8, 2007 | 2:40 PM EST

Christmas is still nearly seven weeks away, and already the media are offering a “Bah, Humbug” for retail sales and the U.S. economy.

CNN shoveled coal at the positive economic news on November 2 and immediately moved into full Grinch mode.

CBS Ignores Motives of Countrywide CEO Bashers
By Jeff Poor | October 31, 2007 | 6:21 PM EDT

Profit takers beware – if you get too wise with your investing, the class warfare soldiers are coming after you. Over the last year, Angelo Mozilo, CEO of Countrywide (NYSE:CFC), decided to periodically sell some of the stock he owns in the company he co-founded 40 years ago and what is now the nation's largest mortgage lender – part of a prearranged measure known as a 10b5-1 trading plan.

Sky-Is-Falling Media Claim Black Monday 'Could' Happen Again
By Julia A. Seymour | October 17, 2007 | 4:55 PM EDT

This week marks the unhappy milestone of Black Monday for Wall Street, which had some journalists warning “it could” happen again. Even if it doesn’t, the media hammered home the prospect of a possible recession.

CBS Sounds Crash Siren to Mark 20th Anniversary of 'Black Monday'
By Jeff Poor | October 15, 2007 | 6:26 PM EDT

Is there a stock market crash in your future? CBS correspondent Alexis Christoforous says there could be. “[T]he avalanche [Oct. 19, 1987 stock-market crash] was made worse by computer program trading, but the things that triggered it were overvalued stocks, a weak dollar, a period of extreme market volatility and a summer of worrying economic news,” Christoforous said on the October 14 broadcast. “Sound familiar?