On Monday’s "Good Morning America," an ABC graphic about soaring stock prices proved, yet again, that there’s no positive economic story the media can’t spin downward:
ABC Graphic: "Will Dow Hit 13,000 Today? Is Unstoppable Market Good or Bad?"
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.
Sawyer certainly seemed to think so. She began the program with this pessimistic tease:
Diane Sawyer: "This morning, your stocks are soaring higher than ever before in history. A new record today? But is this the thrill before the meltdown? What should you do this morning to protect your money?"
In the segment, which aired at 7:02am on April 23, Sawyer and Hobson continued to predict that the good times will soon be ending. In fact, the GMA co-host closed the report by instructing Americans to not "get greedy. It can’t last forever."
















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Laughing out loud at the mome
April 23, 2007 - 12:16 ET by bigtimerLaughing out loud at the moment...Diane's face says it all for the leftists.
Cry me a river!
i got up this morning and rea
April 23, 2007 - 12:18 ET by buddyci got up this morning and realized i had made a ton in the recent market uptick. i was happy. but sawyer made me realize it was not good at all.
beyond belief? wasn't it miller's crossing: "up is down, down is up" etc?
sawyer is even more of a tool than she use to be. is that possible?
Ms. Hobson has had a fortunat
April 23, 2007 - 12:27 ET by Gat New YorkMs. Hobson has had a fortunate career. She was not educated as an economist (BA in International Relations) nor does she have an MBA or for that matter any post-grad degree. Her career is based on her experience since college at Ariel Capital Management which is an African American investment firm. I had mentioned in previous posts that every major corporation has an African American on their Board of Directors and Ms. Hobson has positioned herself as a high profile person for such positions.
So as far as her credentials to make an intricate economic prediction she is unfit and her comments can only be viewed as politically driven.
Is a rising market good or ba
April 23, 2007 - 12:28 ET by danboIs a rising market good or bad? Depends on who's in the White House. When Bubba was in. It was good. Bush, bad.
If you point at a high market's potential problems. You're talking the market down, if Bubba is in. Realistic if Bush is in.
If I recall correctly; a while back, a thread pointed that the 3 morning shows had a combined viewership of 13 mil. That's only 4% of the population. Maybe Ms Sawyer should speculate on why people have turned them off.
"The urge to save humanity is almost always a false front for the urge to rule.” H.L. Mencken
Also, when the markets do wel
April 23, 2007 - 12:32 ET by Darth DutchAlso, when the markets do well, so do the big, bad corporations. So an unstoppable market to the leftists and socialists is about as evil a situation as they can imagine.
Dutch
It is tough questions like th
April 23, 2007 - 12:49 ET by tweakthetrollIt is tough questions like this that can really put the liberal mind in a quandary.
The eternal struggle between good and evil, to be a bull or a bear.
Maybe Diane can teach both bull and bear to respect each others feelings and lie down togeather and rest, it could work you know.
Nah, she'd probably feel that
April 23, 2007 - 12:58 ET by Darth DutchNah, she'd probably feel that the terms "bull" and "bear" are much to masculine, disrespectful to women and aggressive in their imagery.
Dutch
"Is an unstoppable mark
April 23, 2007 - 12:44 ET by mattm"Is an unstoppable market good or bad?" It's good if a Democrat is prez, bad if a Repubican is prez...
Sawyer - it's bad when..
April 23, 2007 - 13:18 ET by Gary HallDiane Sawyer - a bull market is bad when, like in the late 90's under the greedy watch of Bill Clinton, the market was.. as they say, in the throes of "irrational exuberance."
When you have such a market fueled by the massive Corporate Mergers ( gobbling up the little guys), and by venture capitalism gone mad. When the markets are overvalued by some $8-10 Trillion dollars - that's 4-5 times the entire gross domestic product of the US at the time..
When media loved darling progressive economists, like Dean Baker of CEPR are writing:
When even radical leftist columnist, Robert Scheer, can write (June, 2000 - mind you):
When it becomes obvious, Ms. Sawyer, that when the bubble pops:
When you see those things, Ms. Sawyer, you can worry. But you don't have to. You see, Bill Clinton is no longer in the White House - and we're back on track.
This is horrible!!!
April 23, 2007 - 13:23 ET by c5thenThere is a Republican in the Whitehouse and the stock market is soaring and the economy is doing better than the previous decade when there was a Democrat in the whitehouse. This is horrendous! It must be stopped! look at Sawyer's face. She's ready to cry.
With so many average everyday people invested in the stock market and almost everybody having a job, it will soon be close to impossible to convince anybody that the Government is the one who should take care of them. We'll have a whole new freshman class of "bad rich people" who will understand that the democrats/socialists/liberals just want to take their money away in order to rule the poor.
Can't you see? If the stock
April 23, 2007 - 13:24 ET by tpmintxCan't you see? If the stock market keeps going up, then all sorts of bad things could happen:
1) There would be less need for welfare - people might actually vote Republican!
2) More people will plow their newfound wealth into bigger cars or even, God forbid, SUVs, causing even more GLOBAL WARMING!
What other bad things can result from an improving stock market?
If the market has gained the
April 23, 2007 - 13:40 ET by ahusserIf the market has gained the attention of the MSM It's time to sell. That is the definition of a contrary indicator.
"A mind is a terrible thing." - A comic I forgot the name of.
Now that captures zeitgeist
April 23, 2007 - 14:25 ET by Ten7sNow that! captures the markets' zeitgeist. That could be THE new fundamental, with money traveling in speedy EFTs, trading exploding ETFs. Managers/traders not stopping even long enough to ask and "you mean these sectors and indexes are actually made up of companies?" Turn on the TV blam! "Sell" "Sell" "Sell"! If wasn't laughing, I'd cry.
She's right.If Hillary gets
April 23, 2007 - 14:46 ET by dabalShe's right.
If Hillary gets elected, count on an actual depression taking hold. When you exceed the Laffer curve (taxing all profit away), the net result is lower tax income and a hobbled economy. Just ask the Europeans about that...they've been living it for decades.
JFK and Reagan proved it befo
April 23, 2007 - 15:25 ET by JDWJFK and Reagan proved it before Bush, lower taxes work.
Today, in the midst of a war, with high energy prices, and a growing population our economy is soaring. Housing is unstoppable. We untaxed our way out of problems and into prosperity.
What could possibly be accomplished by putting our country at risk by a cut and, realizing today Iran is bribing Iraq Parliament officials, and knowing the war funds would be spent on government projects? Where did Clinton fund his success?
Speaking of that administration, how high was too high?
JDW
News media: Scoreboard for terrorists
If you are going to whine about spelling... get a life
All of this good news must be
April 23, 2007 - 18:05 ET by Ruths husband BenAll of this good news must be bad. Jeez, what dough-heads. Can't you see her at the doctor's office?
Doctor - Well Ms. Sawyer, I have some good news, your test results came back fantastic!
Sawyer - Oh my God Doctor! How long do I have?
Yaba daba doo! -Fred Flintstone campaign slogan
google privacy article
April 23, 2007 - 18:47 ET by bigtimerBen...
LOL!
Speaking of the stock market, I saw something today about privacy and Google others may be interested in.
http://www.infoshop.org/inews/article.php?story=20070423122736769