Posts filed under “Financial Press”

Barron’s Magazine Cover . . .

Fascinating juxtaposition between the cover of this week’s Barron’s and the market action today: A bull, crying over the market, with the tissue box chart pointing downwards. (There were bullish articles inside, like this: America For Sale: Price Reduced)

That hit my inbox Saturday morning. Today, the Dow had its biggest single point gain ever: Dow Surges Nearly 1000 Points.

Pretty cool, no?

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barrons_bull_crying

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UPDATE: October 13, 2008 8:10pm

Speaking of contrary indicators:

The Washingtonpost.com has launched a video series, “Hard Times,” by Emmy Award-winning producer Travis Fox, that helps to translate how the financial crisis and market turmoil are affecting individuals across the country. The series is a reflection of the economic issues that will be a top priority for citizens voting in the presidential election.

Over the next couple of weeks, Fox will travel from California to D.C. talking with people in areas hardest-hit by home foreclosures, loss of retirement funds, unemployment, the rising price of food and gas and other economic challenges.

“Hard Times is meant to be a hard-hitting, poignant series focusing on the pain, suffering and dashed hopes of people brought about by failed economic policies on Wall Street — and how this all may affect the outcome of an historic presidential contest,” said Eric Pianin, Politics Editor at washingtonpost.com.

Category: Contrary Indicators, Financial Press, Markets, Psychology

Global Bailout Linkfest

Category: Bailouts, Financial Press

Time Cover: Soup Lines

Category: Contrary Indicators, Financial Press, Psychology

Fears of Recession?

Category: Credit, Economy, Financial Press

Contrary Cramer Buy Call ?

Category: Contrary Indicators, Financial Press, Markets, Psychology, Trading

Graphic Depiction of Finance Crisis

Nice collection of charts and graphics over at the BBC.  These two are my favorite: > ~~~   > > Source: Finance crisis: in graphics BBC, Friday, 3 October 2008 http://news.bbc.co.uk/2/hi/business/7644238.stm

Category: Bailouts, Financial Press

Best of “Bloomberg on the Economy”

click for iTunes

Bloomberg_on_the_economy_best_of

Excellent series of podcasts by Tom Keene of Bloomberg on the Economy. Highlights include conversations with Nobel Laureates, professors and top economists.

Great stuff.

If you don’t use iTunes, there is a listing of podcasts at Bloomberg.com after the jump . . .

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Category: Digital Media, Financial Press, Podcast

Front Page Crash Coverage

Interesting front page coverage of yesterday’s market action: >            

Category: Financial Press, Markets

Wall Street Says Thanks…

Category: Bailouts, Financial Press, Taxes and Policy, Weblogs

Have the Media Been Too Easy on the Financials?

Is the media coddling Banks and Brokers in their coverage? Gawker observes:

In July, when Richard Fuld was blaming rumormongers and short-sellers for troubles as Lehman Brothers, the Times ran a column by finance writer Andrew Ross Sorkin echoing his complaints and calling one of the rumors, that Barclays would acquire Lehman, "absurd." Today, with Barclays buying Lehman’s U.S. operations, the Times is still siding with investment banks over investors, depositors and others who benefit from the free flow of information. Here’s some data the paper won’t be providing about the mess on Wall Street, according to an article it published today:

"…said Lawrence Ingrassia, business editor of The Times. “We aren’t going to say, ‘Here are three or five institutions that might fail next week.’ It’s one thing to say an industrial company is having trouble paying its debts, and another thing to say it about a financial institution.”

The Wall Street Journal is also censoring itself on behalf of large banks. Its spokesman said the newspaper would "stay away from" the words "crash," "panic," "pandemonium" and "apocalypse."

Both interesting and amazing . . .

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Hat tip Scott

Sources:
Press Coddles Banks With Pulled Punches
Ryan Tate
Gawker, 8:41 AM on Mon Sep 22 2008
http://gawker.com/5052975/press-coddles-banks-with-pulled-punches

Gasparino vs Einhorn, Kohn & Ritholtz 
TBP, June 05, 2008 | 01:52 PM 
http://bigpicture.typepad.com/comments/2008/06/gasparino-vs-ei.html

Amid Market Turmoil, Some Journalists Try to Tone Down Emotion
RICHARD PÉREZ-PEÑA
NYT, September 21, 2008 
http://www.nytimes.com/2008/09/22/business/media/22press.html

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Category: Financial Press