More Cold Water on Stock Market from ABC News


	More Cold Water on Stock Market from ABC News

joaaron2468

4-26-2007 9:53 AM

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war, technology, science, religion, politics, news, internet, education

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4-26-2007 5:09 PM

egoldstein

don't forget, the nasdaq is nowhere near an all-time high. still 50% below it in fact. i think that has a lot to do with it.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/c552f917-05ae-4021-b323-23f55eca481d/C6650F3A-7367-4E13-8171-4EC0B498EE19/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://newsbusters.org/node/12311" href="http://newsbusters.org/node/12311" style="font-size: 11px;">newsbusters.org</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://newsbusters.org/node/12311"><H2 class="page-title">More Cold Water on Stock Market from ABC News</H2></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://newsbusters.org/node/12311"><P><IMG vspace="0" hspace="0" border="0" align="right" src="http://newsbusters.org/static/2007/04/2007-04-25-ABCWebsite-dow13.jpg" />This dovetails well with what my colleague <A href="http://newsbusters.org/node/12240">Scott Whitlock</A> reported on NewsBusters two days ago:</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://newsbusters.org/node/12311"><P>ABC Graphic: "Will Dow Hit 13,000 Today? Is Unstoppable Market Good or Bad?"</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://newsbusters.org/node/12311"><P>The graphic ran underneath co-host Diane Sawyer and GMA financial contributor Mellody Hobson’s discussion over whether or not the Dow, which has been breaking records recently, is headed for a downturn. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://newsbusters.org/node/12311"><P>Today the Dow Jones closed above 13,000 for the first time in history.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://newsbusters.org/node/12311"><P>Of course ABCNews.com had to sow seeds of worry about the economy (see screencap to the right).</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://newsbusters.org/node/12311"><P>You can see how ABC and other media outlets have consistently taken a sour view <A href="http://newsbusters.org/taxonomy/term/260">of the economy here</A>.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://newsbusters.org/node/12311"><P>The Media Research Center's Business & Media Institute has more on the media's generally gloomy take of the economy <A href="http://www.businessandmedia.org/specialreports/2007/mediamyth/RecessionDepression/RecessionDepression.asp">here</A> and <A href="http://www.businessandmedia.org/specialreports/2006/topmediamyths/mediamyths_execsum.asp">here</A> and <A href="http://www.businessandmedia.org/specialreports/2006/hitjob/hitjob_execsum.asp">here</A>.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/C6650F3A-7367-4E13-8171-4EC0B498EE19/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>