Spin Doctors

I love the way the news media tries to put their spin on things. The market is up, they give an explantion why. The market is down, they explain that too. It is rare, however, that the same explanation is given for both directions. This morning, before the markets opened, Bloomberg noted that market futures were up slightly on an unemployment number that was in line with expectations. Since it was no worse than expected, the market viewed it favorably. Yet now with the market down a good bit, Bloomberg blames the drop on, you guessed it, the unemployment picture.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aDxKw.jcCagU&refer=home

Disclosures: None