Friday, February 09, 2007

I Can't Make This Stuff Up

Too Funny for words - the first line is the top headline on Yahoo Finance at this hour and the next 4 are the actual headlines of the next 4 stories.

Consumer Confidence Hits 2 1/2-Year High
AP - Consumer confidence climbed to a 2 1/2-year high with people feeling even better about job prospects, the current economic climate and investment opportunities.

* Alcatel-Lucent Plans to Cut 12,500 Jobs AP
* Kodak Snapping Off 3,000 More Jobs AP
* Big Windfalls From YouTube, Google Pact AP
* Oil Prices Spike on Iran, Cold Weather AP

I love the line - Kodak "snapping off" 3000 more jobs. I couldn't have thought of a better way to describe 3000 people who are going to lose their way of making a living.

I don't know when the Con-Con number came out - it is usually out early in the day and it used to make a difference in the Forex world but the stock market seems to ignore it. Unless the media needs something to blame a decline on. Note that they didn't say - Consumer confidence up - Stock market crashes. But had the number been down ... you guessed it.

1 comment:


But you can make believe.