Best Bull Run In 80 Years - Liberal Media Ignores It

Discussion in 'Economy' started by red states rule, May 5, 2007.

  1. red states rule
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    red states rule Senior Member

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    The US economy continues to roll along and the liberal media can't stand it



    Media Virtually Ignores Dow's Best Bull Run in 80 Years
    Posted by Tom Blumer on May 5, 2007 - 08:24.
    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 gauges hit new milestones, but just barely; investors mull jobs report, oil prices, talk of a Microsoft-Yahoo merger.
    May 4 2007: 4:09 PM EDT

    NEW YORK (CNNMoney.com) -- The Dow Jones industrial average squeaked out another record high Friday, making this the longest bull run in 80 years, as investors cheered tame inflation numbers, talk of big mergers and a jobs report that appeared just right.

    ..... The Dow has now risen in 23 of the last 26 sessions, marking its longest bull run since the summer of 1927, when the indicator ended higher in 24 of 27 sessions, according to Dow Jones.

    Turning the tables on John Kerry, and building on the snark of Matt at Weapons of Mass Discussion -- That would make it the best stock market run since, well, Herbert Hoover.

    The pervasive lack of coverage is stunning. Two Google News searches (on "since 1927" [not in quotes] and "80 years," [in quotes]) pulled up only one additional mention of the "bull run" beyond the CNNMoney item cited in this post -- and at that link, the writer characterizes the once-in-80-year event as "the best in over half a century." However, AHN's Matthew Borghese did note that the S&P 500 is now "just points away" (about 1.5%) from its all-time high.

    I also looked for coverage of the "bull run" at the home page and business home page of the New York Times on the web. There was nothing on the Times home page beyond the normal ticker. The coverage of the stock market was the very last linked item on the Business section home page; the related underlying article made no mention of the "bull run."

    Friday's stock market news is on Page D4 of Saturday's Washington Post print edition, with no "bull run" mention.

    Cross-posted at BizzyBlog.com.

    http://newsbusters.org/node/12543
     
  2. Diuretic
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    Diuretic Permanently confused

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    Growth in economy slows. Check the news.
     
  3. red states rule
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    red states rule Senior Member

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    It is moderate but steady growth

    Not to fast to worry about inflation and interest rate increases

    but not to slow to where the "R" word is mentioned
     
  4. Diuretic
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    Diuretic Permanently confused

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    As I've said before - no schadenfreude here - I want the US economy to be strong because if it's not then my country is going to feel it. Although I saw figures today that suggested our number one trading partner is now China. Not surprising since all we can apparently do is dig up minerals and sell them to China. Our economic is piss weak, it's based on dig it up and flog it to China. Like that takes a lot of brainwork.
     
  5. red states rule
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    red states rule Senior Member

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    TheUS economy is strong. It has taken many hits over the last several years - but has grown

    Libs here cannot stand the facts tax CUTS is the reason

    If any government wants to improve their economy - cut taxes and let the free market do its job
     
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    I'm philosophically in favour of free markets - I just have ideas about how they should be restricted for the wellbeing of the rest of society.

    You know, look at your country, with its resources, there is absoluely no way it should even be thinking of negative territory in the economy. I hope it continues to be strong, the rest of us need it to be so.
     
  7. red states rule
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    red states rule Senior Member

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    Our economy is so huge with so many different factors contributing to it. But we have to deal with the libs who want the government to be the Mommy and Daddy to the rest of the world

    Government spending is 1/3 of the US's GDP

    The US is the worlds economic superpower, and the envy of the rest of the world
     
  8. JeffWartman
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    JeffWartman Senior Member

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    And it shouldn't be that way.

    Unless you're a Keynesian Liberal. Are you?
     
  9. red states rule
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    red states rule Senior Member

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    I have said before the government spends way to much money
     
  10. JeffWartman
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    JeffWartman Senior Member

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    And do you realize that George W. Bush has increased the size of government as much as any Liberal would?

    When are you going to realize that current Republicans are NOT liberals. When are you going to realize that Neo-Conservativism was founded by Trotskyists? (In case you don't know that means VERY LIBERAL)
     

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