Chart of the mental processes of the typical equities investor. I know exactly how accurate this is, being typical myself.
From John Murrell via Karen Myers.
Category Archive 'Stock Market'
20 Mar 2020
14 Aug 2008
03 Mar 2007
This week the stock market experienced the largest decline in equity prices in four years.
A Tuesday selloff dropped the Dow Jones Average 416 points, and a dismal week ended with the Dow losing 3.3 percent, the S&P 500 4.4 percent and the Nasdaq 5.9 percent. It even cost me money. AP
So, what really caused this hideous and dramatic market downturn?
US News’ senior writer James Pethokoukis thinks he knows.
The observant Mr Pethokoukis identifies the cause as none other than the Blogosphere’s own Matt Drudge, who on Tuesday February 27th, just about the time the stock market’s ship hit the rocks, posted the following headline:
linking to an AP article featuring the same, basically misleading, headline.
As Pethokoukis ruefully notes:
Michael S. Malone, at ABC, read the Pethokoukis article, and agrees. He philosophizes about how we all read news these days, and how markedly the Internet is making the paleomedia obsolete, concluding on the subject of that rascal Drudge tanking the stock market for us:
All I can say is: Do us a favor, Matt, please say something positive next week.