Thursday, May 18, 2006

Above the Fold in the New York Times

As you know I place great emphasis in determining public attitudes towards markets and using this determination as a basis for a contrary approach. Here are my contrary opinion posts.

This morning the New York Times had a front page story on the stock market. It appeared "above the fold" and was headlined "Inflation Rising, Markets Tumble".

I want to point out that the last time the NYT had a front page story on the stock market was April 21, 2005. The story's headline was "Inflation Fears Pummel Stocks; New Lows for '05". Sound familiar?

On April 21, 2005 the S&P 500 closed at 1159.95. Yesterday's close was 1270.32. Two weeks ago the average was as high as 1325.

Draw your own conclusions.

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