The Mainstream Media “Explains” Stuff Again, Hilarity Ensues

The folks at the NSA could be making lots of money by anticipating how the financial markets will respond to new information. Therefore, we should have another agency monitoring the NSA employees' emails, texts and phone calls, and their trading accounts. But, as this article shows, interpreting the news, even with early access, is no guarantee for getting the direction of the market right. 

The Mainstream Media "Explains" Stuff Again, Hilarity Ensues

Courtesy of ZeroHedge

Yesterday, the mainstream "media" was very useful in explaining why both bad economic news and good economic news lead to stock market rallies. Today, the same mainstream media is even more useful in explaining why stocks are up as the Taper seems less likely, while gold is down because the Taper is… more likely. And #Ref!

Reuters "explains" that because "concerns receded that the Federal Reserve would begin to unwind its stimulus earlier than expected", stocks rose.

At the same time, Bloomberg "explains" that because data improved, "the case" for the Fed to reduce "stimulus" strengthened leading to a gold plunge.

* * *

So, stocks up on no Taper, while gold down on… Taper. With "reporters" like these, who cares what the NSA is listening to?

Did you like this? Share it:

Speak Your Mind

%d bloggers like this: