Stock Market

Billion-dollar returns just aren’t good enough for NBC. On June 26, the “Nightly News” attacked wealthy hedge fund managers for making high-risk investments and for trying to do business with the “vulnerable” upper-middle class.Reporter Carl Quintanilla mentioned rich investors who want to become “hedge fund rich,” but then focused his segment negatively on such investment firms.“[T]he people who…

Our friends at Investor's Business Daily are taking a seven-part look at the media's incompetence in reporting market:Media bias has been detected in other studies, but this series raises an additional possibility – media incompetence in analyzing and explaining how the economy and financial markets work.Installments will cover how the media report on subjects like tax cuts, deficits, trade and…

While the relatively narrow Dow Jones Industrial Average has been achieving alltime highs for a couple of months, it took until last week for the broader S&P 500 index to beat its previous record of 1527. The index closed at 1536.24 last week. Instead of writing up the big winners in the 77% of companies that have brought the index back from its 2000 low, USA Today writer Matt Krantz looked…

With gasoline prices going up, Diane Sawyer worries they will continue to rise. With stock prices going up, the same Sawyer worries they will experience a crash of historic proportions.Sawyer's guest on Good Morning America today at 7:15 AM EDT was Mellody Hobson, a GMA financial contributor. Here's how Sawyer kicked things off.GMA CO-HOST DIANE SAWYER: Will runaway gas prices keep soaring,…

Did the Dow’s ‘Bull Run’ Milestone Get to Your Paper’s Front Page Today?Front page? Heck, the overwhelming odds are that it didn't get mentioned anywhere. It should have been. At CNNMoney.com, writers Alexandra Twin and Steve Hargreaves appear to be the only ones who even recognized the significance of yesterday's positive market close (bolds are mine): Dow: Longest bull run in 80 years Major…

As the stock market has continued to regularly make new highs in 2007, how many times have you heard or read a media report carping about how the rich are getting richer?Quite a bit, right?If you feel bombarded with such inanities, consider that a completely unaudited LexisNexis search of major American media outlets identified 234 reports which included phrases like “rich get richer,” “income…

Question: When is a New York Times "Manufacturing Recession" not a recession? Answer: When the Institute for Supply Management (ISM) keeps on issuing monthly reports, such as the one yesterday covering April, telling us that manufacturing is in expansion mode. On February 28 (second item at link), Times Business writer David Leonhardt wrote the following: For Manufacturing, a Recession Has…

MSNBC: Fair and BalancedAccording to MSNBC's Keith Olbermann, former New York Mayor Rudy Giuliani committed "terrorism" when he suggested that the country would be "playing defense" if a Democrat was elected president in 2008. And this is the network that’s hosting a Republican presidential debate? Americans Making Lots of Money: Good or Bad? On Monday, an ABC graphic provided a shining example…