TheStreet.com’s Marek Fuchs had an interesting column on Wednesday about the relationship between the business media, the stock market and investors.
“Last year, The Business Press Maven was uncomfortable enough to demand that the business media get his misery over with and parboil him in a cauldron. That’s because a piddling 19-point, or 0.2%, rise in the Dow that brought it over 12,000 was greeted by hyperbolic headlines about ‘home runs’ and ‘once-skeptical investors rediscovering a passion for stocks.’
“But this morning, as the Dow stands poised to break its record closing high of 12,786 — whether in a day or over the next few weeks — headline writers appear appropriately medicated.”
“This is good news for investors.”
Read more here.Â
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