Friday, March 30, 2007

It Lifts, It Hits, Whatever

This should give you an idea of how goofy the popular financial press can be.

At Marketwatch this morning, around 10:30 a.m., I looked at the front page and the big headline was "CHINA SANCTIONS LIFT STOCKS."

At that point, the market was slightly up.

Forty-five minutes later, I check the front page again. Now, the market is slightly down, and the big headline is "CHINA SANCTIONS HIT STOCKS."

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