Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (13046)	10/7/2004 2:07:27 PM
From: Crimson Ghost	Respond to of 116555

The idiocy of mainstream financial reporting comes out of the closet. Below are some headlines form Bloomberg today. One story says that stocks are weak because high oil prices may slow the economy. Another story says that treasuries are soft because the job market may be improving. U.S. Stocks Drop on Concern Oil Prices to Slow Economy; Pfizer Shares Fall U.S. stocks fell as the price of oil climbed to $53 a barrel, raising concern higher fuel costs will hamper profit growth. Pfizer Inc. led drugmakers lower amid increased speculation that more medications may carry the same heart-problem risks as Merck & Co.'s Vioxx. KPMG Will Pay $115 Million to Settle Lernout & Hauspie Shareholder Lawsuit KPMG International's U.S. and Belgian subsidiaries agreed to pay $115 million to settle a class action lawsuit by shareholders of Lernout & Hauspie Speech Products NV. Treasury 10-Year Notes Fall on Speculation Employment Growth Accelerated U.S. 10-year Treasury notes fell and their yields reached the highest in a month on speculation a government report tomorrow will show employment growth is accelerating.