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Tuesday, July 08, 2008

Oil Drops like a Rock and not a peep

In case you want proof of the bias of the media to propagate fear why haven’t you heard about the huge fall in oil in the last two days?

To those of us who are market watchers this is no surprise. This had all the indications of a market top.

But ten bucks in less than a week and no bottom in sight is a reason not to believe the Mainstream Media.  They don’t say a word.

$100?

$80?

$60

I’m guessing between the 60-80 mark.  And right on cue, how this will affect banks was all the headlines on the financial news.

Comments

As of right now, it’s at $136 and change.  Of course, when it goes up a dollar, they screech about “misery”, but when it drops by almost $10, no big deal.  MSM bias?


Media uncovers more Palin stories in one weekend than Obama stories in two years. Still no bias detected

Obama: more experienced than Bristol Palin

robert108 on July 8, 2008 at 07:50 am
Avatar for Jack

Robert108:

There is no MSM bias in my challenge, bob. Why are you ignoring it?

Are you just a pussy?

Jack on July 8, 2008 at 08:04 am
Avatar for Not_True

You’re right, none of the news outlets are running stories about this:

http://news.yahoo.com/s/ap/20080708/ap_on_bi_ge/oil_prices;_ylt=AoWi9sHzan1IHVIcY98k8Sas0NUE

http://www.cnbc.com/id/25576146

http://www.msnbc.msn.com/id/12400801/

I’ll admit, these weren’t all headline news items and the content of the stories could be shown to be biased, but there are stories.

Anyways, I hope you’re right Gene. This isn’t the first time that oil has dropped only to go back up.

Not_True on July 8, 2008 at 11:37 am

This isn’t the first time that oil has dropped only to go back up.

It’s the nature of commodities, thus the futures market.
The point here is the drastic difference in the way downward movement is presented to the public, vs the way upward movement is so presented.


Media uncovers more Palin stories in one weekend than Obama stories in two years. Still no bias detected

Obama: more experienced than Bristol Palin

robert108 on July 8, 2008 at 12:06 pm
Avatar for Not_True

robert108:

I understood the intention, I just like to be nit-picky about the details. If the article had stated that the situation was being “mischaracterized” or “under reported” I would not have taken issue. Since it stated “not a peep” I decided I would chime in and share the “peeps”. And yes, before you ask, my friends and family absolutely love it when I am so literal with them. I mostly do it just to get a rise out of people (a.k.a. being a dick).

Not_True on July 8, 2008 at 12:13 pm
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