Press Headlines

srcandas

"Major markets flat on Obama win"

No they are not. Yesterday when it was looking like an Obama win the DOW romped over 1% higher. Today nearly every index is green. Not by a lot but based on recent rises that would be difficult, but they are not flat

These types of headlines are frequent, not just for major events. Anyone who studies market indices knows that the initial direction of the index in the opening minutes is no indication of what is happening. I used to read the opening comments on Yahoo finance but it clearly is just gibberish written by someone waiting for their breakfast and stil hung over.

Rant over, my breakfast has arrived

opinions4u

ps sorry for typo in title

I believe <edit> and <advanced edit> are your friend.

srcandas

opinions4u wrote: »

I believe <edit> and <advanced edit> are your friend.

What an informative and helpful person you are. Didn't notce you could change titles. Thank You :beer:

dunstonh

Newspapers and headlines.... don't get me started.

Out of interest, I see a load a BS posted about financial services in the papers. Usually it is scaremongering, inaccurate or taking of information but presenting it in a rather dodgy way. Or even an article written by an advertiser/sponsor which effectively promotes their product whilst slagging off others.

Do people who work in other areas see the media manipulate information in the same way when covering their areas of knowledge/employment?

jimjames

One of my current favourites is "Stock market slumps"

On closer inspection it normally refers to a drop of around 1%, hardly a slump on most definitions!

opinions4u

srcandas wrote: »

What an informative and helpful person you are. Didn't notce you could change titles. Thank You :beer:

I try to be. Although I'm taking a pasting on the Loans forum for suggesting people budget before borrowing!

JimmyTheWig

srcandas wrote: »

"Major markets flat on Obama win"

I take your point that they are up slightly, but surely the point is that the result that came in was the expected result. So the markets had already adjusted for it.
The market reaction would have been seen more prominently if Romney won, as that was unexpected.

jimjames

Another one just seen on Daily Mail:

Headline: The latest cuts by banks and building societies have been savage.

The detail: "Halifax has cut its cash Isa from 2.5 per cent to 2.35 per cent"

Reality: A cut of only 0.15% - Savage? I don't think so

JohnRo

If you rely on the income from those savings rates it's a 6% cut.

Glen_Clark

Amazes me they find enough to fill the paper every day. Not surprised most of its waffle. Or that the headline is spiced up to sell the paper.

If it was done properly it would be too short, and too boring, to sell.

JuicyJesus

JohnRo wrote: »

If you rely on the income from those savings rates it's a 6% cut.

In my personal view, relying on income from a cash ISA's interest at a time of historic low interest rates is foolish anyway.