It occurred to me that every single media source I see lately — newspaper, television, Internet news sites — just can’t wait to scream how badly the stock market is doing. Front page, top story, breaking news. Surely these media people must realize that the panicky sell-offs that cause these downward slides are directly attributable to fear-based actions and reactions of the brokerage houses.
Seems to me what we might have going on here is a perverse downward spiral. The market drops a bit, the news media headline it, the market gets scared and drops more, and the media headline “another drop” — on and on.
I think an intelligent media would relax and think about soft-pedaling the economic horrors just a bit.