“Stocks Dip As Credit Worries Persist”; Oh Really?
From the AP tonight:
Wall Street ended a mildly erratic day slightly lower Thursday after anxiety about widening credit problems offset investor optimism about a $2 billion capital infusion into troubled mortgage lender Countrywide Financial Corp.
What did equity market indexes look like?
Dow Down 0.25 (0.00%)
Nasdaq Down 11.10 (0.43%)
S&P 500 Down 1.57 (0.11%)
In percentage terms the Dow did NOT change at all! But the AP thinks NO change can be attributed to Countrywide something or another? Millions of people read this stuff. It makes me wonder if the author is literally just sitting at his PC pounding beers laughing to himself that he has the ability to say anything.
