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October 26, 2005

Yearning and pining (expletive deleted), Wed., Oct. 26, 2005, 12:23 PM

The MaketWatch e-mail news Alert reads: U.S. stocks rise; investors yearn for late-yr rally".

As I look at my monitor, the Dow is up +13 points. So I wonder what's up.

I click on the so-called Alert".

U.S. stocks rise in midsession
Market looks past weak earnings, pines for late-year rally

By Leslie Wines, MarketWatch Last Update: 11:51 AM ET Oct. 26, 2005

NEW YORK (MarketWatch) - U.S. stocks were higher Wednesday, kindling hopes for a late-year equities rally, as investors looked past disappointing sales results from Boeing and a weak forecast from Amazon. "

"Kindling hopes." I'm breathless. The headlines seem to be telling me there is "yearning" and "pining" going on for a rally.

It's not possible MarketWatch is telling more lies is it? I thought things had changed under a new owner (Wall Street Journal).

Alas, the article tells me what I already know.

"There were more than 672 million shares traded on the New York Stock Exchange, were rising shares outweighed falling stocks by 17 to 13. Volume in the Nasdaq market was over 751 million stocks; risers outweighed decliners by 16 to 11."

So where is this (expletive deleted) rally that the bought-and-paid media tell me my peer group is yearning and pining for.

The intro gives me a link: "See full story" so I click on the link. I read through the full story.

I read about this stock and that stock, and this story and that story. After a bit, I get the picture. It's all a big story. It's all b.s.

When does the nonsense stop?

I think Dow Jones & Co ought to get their act together. This is an insult to the memory I have of Charles Dow.

Posted by Posted by Bill Cara on October 26, 2005 12:23:40 PM | Category: Cara Today in the Market

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