7 ms·
After spending the last 10 months day trading, my gut tells me that it's probably the later case, where Bloomberg is doubling down, their journalistic verificat
by ConcernedCoder 8y ago
After spending the last 10 months day trading, my gut tells me that it's probably the later case, where Bloomberg is doubling down, their journalistic verification processes would seem to be next to nothing at this point... not only Bloomberg, but many other "news" outlets.
I'm saying this because I've noticed quite a few 'hit' pieces, coming out of these "news" agencies that seem to have no other agenda than affecting the price of publicly traded stock in these companies.
One moment "this or that" is the worst possible thing that could happen to company A, and the next moment, it's just not as bad as everyone would have you believe... it's like they themselves want to push the stock price down so they can buy cheap shares, and then pump the price back up again so they can sell at a profit... strangest news cycles I've ever seen on this stuff... and it happens repeatedly all the time... analyst A at Financial Institution B "downgrades" stock X, and then sometime later comes a complete reversal...