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Does Bloomberg Have any Editors?

If you have read some of my previous posts, you might know that news headlines can drive me crazy – either because they are accidentally or purposefully misleading or because they are just stupid.  Today, Bloomberg annoyed me all day with this rather ridiculous headline:

Say What?

Say What?

If you actually read the article you can make sense of it, that “Stock Oracles are at odds with Bill Gross” – isn’t that a better headline?  Anyway, I’m sure Bill Gross is trying to drum up more fixed income business, but I am also more likely to agree with his assessment of the economy versus that of all the Wall Street firms whose livelihood depends on everyone jumping into risky assets.

Besides, Bill Gross had good company when today, Nobel Prize winning economist Joseph Stiglitz said, “There’s a lot of risk going ahead of some big bumps…There’s a very big risk that markets have been irrationally exuberant”.  His main concern was with unemployment, saying that economic growth this year and next will “fall well short of what we need to stop unemployment from growing”.  What an optimist.  Luckily Bloomberg shoved that story to the bottom of the top news and kept the cryptic Bill Gross headline up top.

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2 Responses

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  1. Angela says

    well surly trader, nothing ceases to amaze me anymore.

    They will say and do anything that fits the buy buy buy…………….they will always push people aside that say sell sell sell…….the sad thing is, it’s back to the same ole, same ole,
    “let’s get this thing moving and see what suckers we can find to buy this crap and let’s get out of here”

    This rally is so friggin annoying, your country is gonna pay bigtime for this and its the poor hard working class that will pick up the tab.

    Ang (UK)

  2. SurlyTrader says

    Technicals can drive a market much further than fundamentals. Institutions are reaching for yield anywhere they can get it while individuals do not want to miss out on a rally that seems to be able to plug holes in their personal balance sheets. It will go on until the last sucker is willing to buy…

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