Friday, December 04, 2009

I don't know what is in the water AP business writers are drinking but how do they seriously write that "A surprising drop in the unemployment rate and far fewer job losses last month cheered investors Friday" when the market has shed its early gains and is now in negative territory for the day?*... and just, per the AP timestamp, just 18 minutes after they released/updated their story?

UPDATE: whether the market ends up down or up for the day, my point is that at the time they wrote the story, there was precious little to indicate investors were 'cheered' by the news.

* I don't know how to embed a link that sticks the Dow, but trust me, right now, it is negative.