Faux whores saying down market is no big deal

[strategery blunder]

I don't know why on Earth I'm watching Faux, perhaps I hoped that when I saw their "down market" teaser before the commercial break, they would do some HONEST REPORTING. Too good to be true, of course.:puke: Their spin: This happens all the time, just a minor correction, market has ups and downs, blah blah blah. Never mind that the dollar sux0rz, our trade deficit as percentage of economy is higher than that of Argentina when it crashed, the government spends money like it's water, the consumer debt bubble that will come sooner or later, et cetera...

Their ability to spin never ceases to amaze me.

:puke::puke::puke::puke::puke:

[northzax]

1. eh, not that big of a deal.

if it keeps going down, then it's a big deal. But why have anyone contribute to the panic?

[Blue Moon]

2. It isn't a big deal...

When it goes down. It isn't a big deal when it goes up. It's a big deal as to how it goes over the long term Cost averaging, baby. The stock market has proven itself to be a good place to invest your money for the long haul, EASILY outshining any other form of investment for total return to risk. Period.

[Lindacooks]

4. And what do you think about the fact that it's been FLAT the last five

years? If you're supposed to invest 'for the long haul', at least 10 years, 50% of that time has gone by and the market has been flat.
Not boding well.

[Zynx]

10. Look at the 1970's

That whole decade sucked.

But if you bought an index fund in 1970, you are quite well off now.

[strategery blunder]

8. It wouldn't be a big deal...

...if we weren't selling our manufacturing base to China, if the dollar hadn't fallen 38% (as of about a week ago) since the Chimperor took office, if the national debt wasn't 70% of GDP, if energy prices weren't soaring, etc.

Hell, maybe I'll take your advice and invest in the European stock market.

[caledesi]

17. Excellent post! nt

[K-W]

13. It only does that as long as the economy is expanding.

and it cant do that forever.

[BillZBubb]

3. Well, how else do you expect Faux to spin things?

Unless there is an outright collapse, they'll keep singing the Chimperor's praises. Even after a collapse, they'll spin that now is the time to buy, things are looking up, etc.

A better question for them might be "how come the market is no better than it was over 4 years ago? Weren't Chimpy's tax cuts, which you supported, supposed to create mega prosperity for all? And given the pathetic performance of the markets why do you continue to back the Chimperor on private, stock market accounts for SS?"

[brettdale]

5. I wonder what would happen if faux shares drop

I wonder what would happen if Faux shares droped big time, I remember during the election campgain, that company that decided to air the anti John kerry programme had thier shares plumment, everybody went on to that yahoo message baord and said "sell sell sell" perhaps we can do the same for Faux.

[Blue Moon]

7. The POTUS

does not control the stock market! Market conditions do! I've done VERY well in the market through Dem and Repub administrations. Cost averaging works. The power of compound interest and reinvesting gains is indisputable. A down market merely makes losers out of those who trade on emotion, short term trends, or unrelated variables. A down market merely increases my per share buying power. Doesn't bother me at all.

[RUMMYisFROSTED]

6. Keno.

[Zynx]

9. Um, they are right.

It is a relatively minor correction and the market does have ups and downs - just look at any long term graph.

Faux Non-News does whore, but there really isn't much of a story here.

[strategery blunder]

12. .

Never mind that they didn't ask if the falling dollar might have anything to do with this correction...

Or rising energy prices having anything to do with this correction...

Or the outsourcing of the middle class having to do with this correction (bearing in mind that consumer spending accounts for roughly 2/3 of the economy)...

Yes, the market has ups and downs, but that doesn't mean that every correction should be summarily dismissed as "meh."

[BeyondThePale]

11. Up is down,

black is white, 2 + 2 = 5...

so it goes at the Fox News Ministry of Propaganda

[EVDebs]

14. "It's a buying opportunity" in rich-man's parlance eom

[Inland]

15. Here's why its a big deal.

Having one correction is not a big deal. But by the time you are calling it "another correction", and that the years of back and forth swings have led to almost no real appreciation, you have to realize that it isn't a short term runup that is being corrected. It is long term outlooks that are changing.

After all, since the seventies, we have been wondering if long term trends were going to catch up to the US. Trade deficits, budget deficits, oil prices, geopolitical strife. Suddenly all those long term problems which were mightas, somedays, are now, today.

Gazing at Dow at 10,000 AGAIN, is to stare into the abyss.

[sendero]

16. Out of context..

... it isn't a big deal. But in the context of the American economy, and the stock market of the last 4 years, it is.

But that's ok. Fox and our government continue to lie their asses off about the economy, and they seem to think that people buy it. But the not so easily fudged numbers tell a different tale.

Fox and our govt would have you believe that unemployement is a 5.4%. But that's just their special way of measuring it. They'll tell you that there is no meaningful inflation, but any fool notices that the price of everything, especially supermarket commodities, just keeps rising. Those pesky volatile food and energy sectors! Who needs food or energy?

I love it, because all the way to the bottom Fox and our govt will keep telling us that every thing is just great. Sure it is. Just as great as your credibility.

[Gyre]

18. The situation will speak for itself.

Regardless of how faux spins it. Then it won't matter how much they lie. American's are going to be getting some pain uniformly across the country as a direct result of the chimp.

If faux's correct, then they will have not contributed to a mass-exodus (ie, crash). If not, the truth will out.

Gyre