Media's coverage of stock market

[Johnny2X2X]

So, we had 1 really down day this week, I'm sure you all heard about it, it was in the headlines and leading broadcasts. Well, the DOW is up this week. We've had a full recovery of the earl week's losses. You wouldn't know it though, the media ignores the ups now. They're rooting for negative stories.

Also Powell's words from the Fed yesterday got odd coverage. The several rate hikes were covered like they're bad thing. The Fed raises rates when the economy is strong, Powell and the Fed see a strong economy. Their aim is for full employment and less than 2% inflation, they see these things as attainable. Raising interest rates from zero gives us a buffer from future downturns. You cannot leave interest rates near zero indefinitely.

Furthermore, Powell's words on inflation were largely ignored. The inflation we've seen is transitory and will wind down in the coming months as the economy returns to a new normal. And we're seeing huge growth right now. Still expecting 6%+ for the year, which would be the highest in decades.

The economy is heading in the right direction and doing so very quickly. The media for some reason doesn't want this to be so.

And a reminder, Donald Trump was a total and complete economic disaster for the US. He had the worst jobs record since Herbert Hoover and left the US economy with the worst year for growth since just after WWII. Do not forget to repeat that, Trump tanked the economy.

[edhopper]

1. The media relies on conservatives

for their take on the Market. nuff said.

[muriel_volestrangler]

2. The Dow is a crappy index anyway

that barely any index-based investments follow. It's not weighted by market capitalization, and contains few stocks.

The S&P 500 is an index that actually matters to investors, and a better indication of the price of general stocks. It, too, is now above last week's closing level - 4446.86 compared to 4432.99.

[Johnny2X2X]

3. Agree

They usually trend with each other though. So people can get an approximation using either.

Markets up 1-1.5% today, but the headlines are about the new jobless claims slightly missing estimates.

[SWBTATTReg]

4. Again, financial analysts over-analyze stuff to the 'Nth' degree, and rump predicted that ...

Markets would collapse if Biden was elected (he was, and Markets didn't collapse, if anything, they continued to go up)...leave it to a moron/the former guy who declared bankruptcy six ? times to offer financial advice to people...if anyone even pays attention to this moron, then they deserve to lose every penny they sunk into the Markets on his say-so.

The Wash. Post had a good article yesterday on Inflation, is worth a read...

And Interest Rates going up...a whole lot of people who rely on interest-bearing accounts, CDs, etc. will be happy, as rates have been so low, for so long.

[Johnny2X2X]

5. Agree

And again, Trump had the worst jobs record since Herbert Hoover and left the economy in shambles. You'd think the news would mention what Biden was handed once in a while, it was a disaster.

[Johnny2X2X]

6. Yahoo Finance Headline right now

'Stocks Fall after S&P's best day since July, Nike shares sink after sales miss'

Right above the headline is the green lettering S&P up 6 points so far today and DOW up 57.

So stocks fall, while stocks are clearly going up is their headline. Mmmmkay. They cannot wait to try to paint the economy as negative when the economy is actually booming right now.