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Old 08-18-2011, 04:07 PM   #1 (permalink)
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Default News fear mongering and idiots

Anyone who has been watching the news has seen that the stock market has been on a roller coster ride with huge ups and downs. It was interesting the first few days but has basically fallen into a pattern. Yet every fucking day I check CNN or NYtimes and they have "Market crashed" or "Miracle recovery". Every dip gets a crashed story about how the end is near and every rise gets we are all saved story. This would not be a problem but it happened FIVE fucking times last week. I know some people dislike BBC but at least they don't ride these stories and try to report about new events.

Then I scroll down a bit a look at the comments and on down days I see "THANKS TEA PARTY", "SELL EVERYTHING AND BUY GOLD AND GUNS" "HERE COMES THE CHINSE TO TAKE EVERYTHING" "OBAMA RUNIED EVERYTHING" "WE SHOULD RIOT"
and on up days I see "THIS ONLY HAPPED BECAUSE OF ILLEGAL BACK ROOM DEALS" "THE RICH MANIPULATED THE MARKET TO SCARE THE POOR SO THEY COULD BY THIER STOCKS" "CORRUPTIONS" "NWO IS CONTROLLING THE ECONOMY"

EVERY DAY ITS THE SAME FUCKING THING

The news fear mongers and it attacks these people who don't help the situation. I don't know whose fault this is but it is starting to piss me off.

This may be a US media only problem as the only over seas news I see is BBC and they don't do this much for what I have seen (I may be off, I don't look at it much) but news reports the end of the world everyday and people seem happy to add to the chaos for no reason.
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Old 08-18-2011, 04:20 PM   #2 (permalink)
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Default Re: News fear mongering and idiots

I don't give a shit about the day to day market, what's it doing long term is all I care about. the idea that little shit can effect it so much is absolutely stupid. Might make it dip a day, but long term doesn't have an effect.
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Old 08-18-2011, 04:29 PM   #3 (permalink)
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Default Re: News fear mongering and idiots

The U.S. economy isn't the best right now, there's no question. Could be worse, yes, but we have a lot of gutless cowards in power who don't want to make the tough decisions that will be needed to ultimately right the ship. All the high-fiving that Congress has done on this so-called debt-ceiling deal just kicks the can down the road and delays the inevitability where we have to stop spending what we don't have.

We're stagnant right now, many don't want to spend money from businesses on down to the average Joe's and Jill's on the street. I don't spend any more than I have to and am saving up for a rainy day. I'm not going crazy and stockpiling for the end of civilization, but I'm not seeing things getting better.
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Old 08-18-2011, 04:35 PM   #4 (permalink)
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Default Re: News fear mongering and idiots

It's an inevitable consequence of the 24 hour news cycle. In order to justify itself there must always be a story and so the most insignifcant thing will be blown out of proportion in order to qualify. It's similar to the old observation that there's always a story important enough to appear on the front page of the paper but taken to a ridiculous degree.

All I can say is that it's best to avoid the news networks entirely and just watch the news shows on the regular channels or online.
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Old 08-18-2011, 04:58 PM   #5 (permalink)
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Default Re: News fear mongering and idiots

Quote:
Originally Posted by ThumbInTheBum View Post
It's an inevitable consequence of the 24 hour news cycle. In order to justify itself there must always be a story and so the most insignifcant thing will be blown out of proportion in order to qualify. It's similar to the old observation that there's always a story important enough to appear on the front page of the paper but taken to a ridiculous degree.

All I can say is that it's best to avoid the news networks entirely and just watch the news shows on the regular channels or online.
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Old 08-18-2011, 05:02 PM   #6 (permalink)
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Default Re: News fear mongering and idiots

Quote:
Originally Posted by Hiplop View Post
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I realise you don't mean that but I like it, it refers to one of Steve Corino's signiture spots.
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Old 08-21-2011, 04:33 PM   #7 (permalink)
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Default Re: News fear mongering and idiots

There is a reason for the ups and downs.

Every time Obama opens his mouth, the market crashes. When he shuts up for a day, it goes back up.
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