[blueboo]

Even worse is the minute-to-minute reporting of “AAPL down 17!” “GM below $40!” .. as if the media is actively eroding our statistical intuition. I used to have a broker who would always quote the spot price of the stock after every stock name. It drove me crazy because it signalled a kind of superficial, counterproductive mastery of the state of the market.

[short_sells_poo]

They've always been doing this.

Every time the market is down 10%, news outlets can't shout loud enough how the end times are upon us. Various doomsayers come out of the woodwork and point at how they predicted this crash, but conveniently gloss over the 20 other crashes they predicted and that never happened.

The media fanning the flames when the markets are down is something you have to get used to or simply ignore. Tney have no clue, they just want the clicks :D