CNNMoney.com E-mail Doesn't Acknowledge Dow Crossing
Ya gotta love this e-mail from CNNMoney.com: So what level has did the Dow reach, O friendly CNN e-mailer? Could it possibly have been a nice round number? Like, say, 14000? You wouldn't want readers to pick up any unwarranted optimism, would you?
Chris Cuomo Asks 'Recession?' But Reporter Says Economy Is 'Holding Up
"Good Morning America" asked "What is going on?" with the stock market on August 16. Anchor Chris Cuomo asked Bianna Golodryga if the market drop is a correction or a recession."There seem to be two schools of thought here, those involved in all this sophisticated mortgage lending are saying this is the beginning of the end. But stock analysts are saying it is just a correction. Where are people'…
Media's Volatile Coverage of Stock Market: 'Armageddon' or 'The Sky's
As the stock market went up and down over the past few weeks, media coverage also bounced from end-of-the-world rhetoric to rational analysis.CNBC’s Jim Cramer went on an impassioned rant August 6 calling for the Fed to reduce interest rates.“Bernanke needs to open the discount window. That is how bad things are out there … in the fixed income markets we have Armageddon,” said Cramer on “Stop…
Dow Down 281 Points Big News Friday, Dow Up 287 Points Not So Newswort
A pronounced example of how bad news is news and good news is much less newsworthy: On Friday night, ABC and NBC teased full stories on the 281 point plunge that day in the Dow Jones average, but on Monday, after the Dow rebounded by five points greater than Friday's loss in the biggest one-day gain in five years, the networks limited coverage to a few seconds. “The stock market stumbles again…
