MSNBC can't report financial news very accurately
Two headlines on the very same MSNBC page at the same time (as of 10:45 AM).
This one is at the top:
Wall Street seesaws in early trading
Stocks slump at opening bell amid continuing investor uneasiness before bouncing back.
Emphasis mine. This one is further down, but reflects the current trend:
Wall Street tumbles for a second day
Wall Street tumbled again Wednesday, with investors uneasy about the health of the economy and earnings after disappointing reports from big names like Apple and Motorola.
I’d also like to point out that Apple had its best financial quarter ever. Ever. I’m not sure how that’s disappointing. I guess if you’re a news organization aligned with Microsoft, the best financial news ever from its competitor would be disappointing.
But going back to the way MSNBC reports on financial news, specifically on the stock market, I’ll check in a couple times a day, and if stocks are going down at one point, the headline will read something like, “Investors shaky on Fed meeting.” If the stocks move back up, the headline will read “Investors show confidence on Fed meeting.” And the article itself will stay the same. It’s totally ridiculous.
Meanwhile, my investment advice: Run for cover! The whole dang thing is gonna crumble on down!
Posted by Jonathan at 10:55 AM, 23 January 2008