News Brief: Dow House of Cards
The kind of news brief that might actually be a worthwhile reminder for longer than a day. If reading market news before the market opens or shortly after wasn’t enough to convince you the investment deck is stacked, most of the business writing skewed by those with a vested interest in the outcome continues to dole out the hype of their snake oil to eagerly awaiting get rich quick neophytes. Any caveats disclosed by those charged with protecting the public interest are overshadowed by the same marketing driving the sales of products and services no one with a modicum of intelligence needs. The sermon will stop now so this remains a news ‘brief’ and gets to the real point with two headlines published ten days apart. A classic example of the investment house of cards.
Stanford Matthews
MoreWhat.com
Dow hits 14,000 for 1st time
Blue-chip average strikes milestone as a generally tame inflation report drives gains.
By Jessica Dickler, CNNMoney.com staff writer
July 17 2007: 10:21 AM EDT
NEW YORK (CNNMoney.com) — The Dow Jones industrial average struck the 14,000 mark for the first time early Tuesday as investors cheered a tame inflation reading in addition to strong earnings from Coke and J&J.
Worst Week for the Dow in Five Years
Stocks Continue Slide Despite GDP Report
Friday July 27, 5:42 pm ET
By Tim Paradis, AP Business Writer
Wall Street Extend Declines As Stronger-Than-Expected GDP Fails to Prop Up Market
NEW YORK (AP) — Wall Street extended its steep decline Friday, propelling the Dow Jones industrials down more than 500 points over two days after investors gave in to mounting concerns that borrowing costs would climb for both companies and homeowners. It was the worst week for the Dow and the Standard & Poor’s 500 index in five years.