Astonishingly Irresponsible Headlines
"Just Buy Something"
That was a headline of a story on Real Money (disclosure: I write for them), on the day the Dow managed to get through 11,000 for the first time since June 2001.
As financial advice, I found it stunningly irresponsible -- at the very least, suspect.
But it got me thinking -- like magazine covers, perhaps headlines can also be a tell as to the general gestalt of market participants.
So let me ask you: Have any particular headlines stood out to you? Are they the big mainstream publications (WSJ, NYT, WaPo, FT, CNN) or smaller MSM (LAT, BusinessWeek, BBC, CSMonitor, Wired, The Economist) or online sites (Slate, MarketWatch, TheStreet.com, News.com) or even Blogs?
I'm curious if this was a one off, or the start of something more significant -- and possibly telling.
Please use the comment section to post your favorite -- include headline, publication and URL. I'll gather a list of the best and republish it later this week . . .
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» Headline of the Day from The Stalwart
Just Buy Something!--found on Realmoney.com by Barry Ritholtz. Shocking, but then again not shocking, from a Cramer publication. Funny how he's cries of Buy, Buy Buy get louder as the market moves higher. [Read More]
Tracked on Jan 10, 2006 2:58:08 PM
The morning daily newspaper top headline (above the fold) is "Dow back above 11,000", subheading Investors riding wave of enthusiasm, showing interest in technology stocks.
Also Dow 11,000 was 3rd story, 10 minutes into ABC World News Tonight and the 2nd story on Today Show with Katie asking Alexis Glick if it was too late to buy.
When general news sources pick it up, we're within spitting distance of some kind of a top.
Posted by: Michael | Jan 10, 2006 10:57:20 AM
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