Comments on: Financial News Rhetorical Bullshit

By: SamuraiJack

SamuraiJack — Wed, 25 Mar 2009 19:34:25 +0000

http://tradermike.net/2007/03/jim_cramer_market_manipulator/

By: Dialectic

Dialectic — Thu, 19 Mar 2009 07:32:03 +0000

Your point about the mortgage interest rate is fair enough, but two of the articles don’t mention it at all, and the first just mentions it in passing. If they wanted to say that the mortgage rate dropped, maybe even “plummeted” to a record low not seen since 1945, I’d be fine with that, and indeed, the rhetorical flourish would be deserved.

But they used this crap for everything else! This kind of writing has no rational justification.

By: jaehwan

jaehwan — Thu, 19 Mar 2009 03:47:31 +0000

Today was huge. Rates on mortgages today through our bank plunged to an all time low. The rates dropped three eighths of a point from morning to noon. This is in an industry where an intraday rate rarely changes by more than an eighth. My phone was ringing like crazy.

This probably means nothing to most people, but for people in the industry who depend on the markets for our livelihood, today was huge. Those newspapers weren’t exaggerating. Not today, anyway.