Stock Market

With gasoline prices going up, Diane Sawyer worries they will continue to rise. With stock prices going up, the same Sawyer worries they will experience a crash of historic proportions.Sawyer's guest on Good Morning America today at 7:15 AM EDT was Mellody Hobson, a GMA financial contributor. Here's how Sawyer kicked things off.GMA CO-HOST DIANE SAWYER: Will runaway gas prices keep soaring,…

Did the Dow’s ‘Bull Run’ Milestone Get to Your Paper’s Front Page Today?Front page? Heck, the overwhelming odds are that it didn't get mentioned anywhere. It should have been. At CNNMoney.com, writers Alexandra Twin and Steve Hargreaves appear to be the only ones who even recognized the significance of yesterday's positive market close (bolds are mine): Dow: Longest bull run in 80 years Major…

As the stock market has continued to regularly make new highs in 2007, how many times have you heard or read a media report carping about how the rich are getting richer?Quite a bit, right?If you feel bombarded with such inanities, consider that a completely unaudited LexisNexis search of major American media outlets identified 234 reports which included phrases like “rich get richer,” “income…

Question: When is a New York Times "Manufacturing Recession" not a recession? Answer: When the Institute for Supply Management (ISM) keeps on issuing monthly reports, such as the one yesterday covering April, telling us that manufacturing is in expansion mode. On February 28 (second item at link), Times Business writer David Leonhardt wrote the following: For Manufacturing, a Recession Has…

MSNBC: Fair and BalancedAccording to MSNBC's Keith Olbermann, former New York Mayor Rudy Giuliani committed "terrorism" when he suggested that the country would be "playing defense" if a Democrat was elected president in 2008. And this is the network that’s hosting a Republican presidential debate? Americans Making Lots of Money: Good or Bad? On Monday, an ABC graphic provided a shining example…

Producer of an MSM morning news show? Got a few minutes to fill at the end of your first half-hour? Why not resort to a tried-and-true winner: a bit of good old class warfare?That was the "Today" formula this morning. Matt Lauer introduced the segment, enviously entitled "Share the Wealth?: The Rich Get Richer," fanning the flames of envy and resentment with this opener:TODAY CO-HOST MATT…

The Dow Jones Industrial Average soared past the 13,000 level on Wednesday, but the CBS and ABC evening newscasts reported the good news in the media's all-too-frequent “yes, but” framework. CBS Evening News anchor Katie Couric fretted that “even as investors are making money in the market, Anthony Mason reports there are concerns tonight about the rest of the U.S. economy.” Mason talked with a…

From a CNN e-mail I received shortly after the close of Friday's stock markets (this was the entire message): Wall Street fights off mortgage-risk-induced woes to end the week higher, with small gains Friday. Anyone reading this e-mail would have thought that this was a net ho-hum week on The Street. After all, the e-mail merely said that the week ended "higher." "Higher"? More like "way, way…

Something rather extraordinary occurred last December which had extremely ominous implications for stock investors around the world, but got totally ignored by the media. In fact, if not for a recent video posting at YouTube, and a March 20 article in the New York Post, these spectacular revelations would still be well under the radar.On December 22, CNBC’s James Cramer did a web interview for…