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Mainstream media still cheerleading for Wall St. even during this total collapse:

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brentspeak Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-08-09 07:42 PM
Original message
Mainstream media still cheerleading for Wall St. even during this total collapse:
Check out the latest "Wall St. primed for a rally!!!! If we were you, we'd buy, buy, buy!!!" article from the Corporate Media:



http://money.cnn.com/2009/03/07/markets/sunday_weekahead/index.htm

Wall Street: Ripe for a rally?
With little on the economic docket and the Dow and S&P 500 at 12-year lows, stocks may be gearing up to surge but it may not last.

By Alexandra Twin, CNNMoney.com senior writer
Last Updated: March 8, 2009: 12:15 AM ET

NEW YORK (CNNMoney.com) -- With little in the way of earnings or market-moving economic news on tap this week, stocks will continue to take a cue from the financial sector as investors try to see if the latest levels can hold.

There's been such a tremendous selloff in the financial sector and in some of the retailers, that at some point even traders who are betting on a weak market are going to want to get in, said Fred Dickson, chief market strategist at D.A. Davidson & Co.

And the mild reaction to a dismal jobs report last Friday could suggest that the time is nearing.

"How much lower can Citigroup go when it's down around a buck?," asked Dickson, adding, "We're starting to get to the point where the risk of a big upside in the market is greater than the risk of a bigger downside."
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anonymous171 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-08-09 08:08 PM
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1. The MSM is simply the media arm of a bunch of different corporations.
So of course they have a pro-wall street economic viewpoint.
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marketcrazy1 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-08-09 08:25 PM
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2. maybe they should read the world bank forecast
the worst is yet to come, this collapse is global and just beginning to ramp...... I have said this before on other threads and will say it again.... people need to prepare themselves NOW!. world bank forecast -- http://www.iht.com/articles/2009/03/08/business/econ.php
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