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EXCELLENT EXAMPLE OF AP DOW 12,000 BIAS!!
Yahoo Business News ^
| 10/19/06
| Associated Press
Posted on 10/19/2006 1:48:44 PM PDT by RogerWilko
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When you click on the article they changed the opening paragraph to be sure it gets downplayed even better.
P>NEW YORK (AP) -- The Dow Jones industrial average scored its first close above 12,000 Thursday as Wall Street, contending with fresh data that pointed to a weakening economy, managed to hold on to a slim advance.
When I first read it, they just had the original paragraph, and now they changed it because they wouldn't want people to get the WRONG idea that the economy might actually be good!
To: RogerWilko
2
posted on
10/19/2006 1:50:10 PM PDT
by
SuperSonic
(Bush "lied", people dyed.......their fingers purple.)
To: RogerWilko
Nothing to see here...No bias shown...move along please...
3
posted on
10/19/2006 1:50:26 PM PDT
by
Edgerunner
(Democrats break...Republicans fix))
To: RogerWilko
We've been hearing for at least 2 years now that the economy is weakening.
I guess if the "experts" predict it each month, eventually the idiots will be right.
As it is, they've been wrong for at least two years now. It's a clown show.
4
posted on
10/19/2006 1:50:34 PM PDT
by
Carling
(It's Danny, Sir)
To: RogerWilko
They've COMPLETELY removed the first statement now!
To: RogerWilko
I'm surprised they didn't add women, children, minorities, elderly, and the disabled hardest hit.
6
posted on
10/19/2006 1:50:56 PM PDT
by
The South Texan
(The Democrat Party and the leftist (ABCCBSNBCCNN NYLATIMES)media are a criminal enterprise!)
To: RogerWilko
Well I'm really happy that the economy for the fat-cat uber-rich investor class is so strong; my middle-class life is a living hell these days.
(oh, just ignore that elephant-sized 401K in the corner, please).
/Pelosi-Dobbs class warfare rant off
7
posted on
10/19/2006 1:53:03 PM PDT
by
liberty_lvr
(Wave upon wave of demented avengers march cheerfully out of obscurity into the dream.)
To: RogerWilko
The DNC disinformation campaign is in full-swing.
8
posted on
10/19/2006 1:53:48 PM PDT
by
BigSkyFreeper
(Karl Rove you magnificent bastard!)
To: RogerWilko
The CNN spin straight from the top of their homepage:
UPDATED: 4:47 p.m. EDT, October 19, 2006
BREAKING NEWS
The Dow industrials closed above 12,000 for the first time Thursday as investors took in a mixed bag of earnings from leading banks, blue chips and tech companies. "The economy continues to weaken. But everyone is convinced the Federal Reserve will be able to engineer a soft landing," said the president of one brokerage. The Dow crossed the 12,000 milestone for the first time Wednesday but failed to finish above that number.
FULL STORY
To: The South Texan
Some editor probably read that first line and told the writer,
"That could be misconstrued that there's strength in the economy... Change it!"
Wouldn't want anyone to think that with the elections right around the corner!
To: RogerWilko
Print it and put it on the toilet paper roll in the bathroom. AP and Al Reuters are beyond reality for some time now.
To: RogerWilko
I've forgotten who and on what thread, but a FReeper reported a liberal friend saying "The Dow has nothing to do with the economy." I only mention it because that's AP's next spin.
To: RogerWilko
I'm surprised they didn't say "Evil Rich Get Richer."
To: Billthedrill
Yeah, I saw that! There's definitely a short-circuit in liberals heads... No doubt about it!
It's not even worth arguing with them, except to tease them.
To: RogerWilko
As I've said many times about liberal media bias...always have to look for that cloud in the silver lining. The news can't be too good...makes the liberals look bad.
Now it says:
"The Dow Jones industrial average scored its first close above 12,000 Thursday as Wall Street, showing its growing confidence despite new evidence of a weakening economy, managed to hold on to a slim advance."
To: Carling
We've been hearing for at least 2 years now that the economy is weakening
Don't forget the "housing bubble is about to burst" mantra.
17
posted on
10/19/2006 1:58:07 PM PDT
by
Mikey_1962
(If you build it, they won't come...)
To: RogerWilko
18
posted on
10/19/2006 1:59:39 PM PDT
by
KStorm
(We interrupt this tagline for the following announcement: Tigers win the AL Pennant!)
To: RogerWilko
Although I agree AP, et al, are all trying to talk the economy down because this is an election year (and Republicans are in office), as an investor you feel on more solid ground when you're climbing a 'wall of worry' than 'facing unbridled optimism' (e.g., the sham dot-com days when 'Dow 20,000' was 'right around the corner'...).
19
posted on
10/19/2006 2:00:41 PM PDT
by
El Cid
To: Mikey_1962
It's already bursting all over the place. Two neighbors have had their house on the market for over 8 months now. Unless you consider the price of a house dropping by 30% in one year and still not being able to sell a house - NOT a bursting of a bubble.
20
posted on
10/19/2006 2:00:41 PM PDT
by
SengirV
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