Yes folks, and if you see CNN, MSNBC, CBS, NBC, ABC, The Huffington Post (HuffPost), The New York Times or The Washington Post reporting news about Wall Street, or the economy in general, it’s bad news.
In this case, CNN Business’ David Goldman reports, “US stocks plummet on Coronavirus fears: March 9, 2020. Dow falls 2,100 points.”
Well, that is definitely news Mr. Goldman…, but it was news too when the stock market hit record highs like over 30 times this last year.
It’s funny how I didn’t see any mention of those economic events.
I wonder why?
CNN must be doubly excited about this news…, as their hyping of the coronavirus seems to be working and that in turn is causing negative economic news.
Please check out my previous blogs regarding the coronavirus:
You scared of the Coronavirus? From March 3, 2020
https://mrericksonrules.com/2020/03/03/you-scared-of-the-coronavirus/
and,
Death toll hits 14,000! But I’m not talking about the coronavirus. From March 9, 2020.
Another article out there by David Goldman today reports, “It’s a bad day to be an energy company.”
Wow…, two articles in one day! Mr. Goldman must be extra charged up by all of this bad news!
Goldman reports, ‘“The rapidly falling price of oil [due to an oil price war between Saudi Arabia and Russia] is likely to put more pressure on energy companies in the United States, which will hurt the banks with the most credit exposure to the oil industry,’ according to CFRA Research analyst Pauline Bell.”
Yes, Mr. Goldman…, again, this is definitely news.
But it was also news when President Trump pushed to open-up more areas for oil exploration and when he got all of the pipelines approved. Not to mention when we gained our independence from Middle Eastern oil, and in fact, became the world’s number one producer of oil again!
Not to mention how low the price of gas has been for over three years now.
This “good stuff” was also news that I didn’t catch you or CNN reporting about, or even bothering to mention in most cases.
Again, I wonder why?
Actually, I don’t “wonder why” at all.
I know very well why all of the liberal propaganda, fake news, shamelessly tries to manipulate the news.
It’s all in an effort to support their anti-Trump narrative.
It’s just amazing to me how many people are still falling for this fake news.
Just watch the fanfare (I’m being sarcastic) about the market bouncing back on the fake news today.
There won’t be any.
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