This page has been archived and commenting is disabled.

What's Wrong With This Picture?

Tyler Durden's picture




 

There is something very wrong with this Bloomberg article screengrab.

Now, there are four distinct possibilities here:

  1. This is the quality of headline "reporting" we can expect out of Bloomberg now that the "client surveillance" function has been turned off.
  2. Bloomberg is cutting costs and is letting algos write headlines. And not just any algos, but those that have a 4 hours delay to real-time prices.
  3. Bloomberg's editors are evaluating greener pastures, and instead of actually checking facts - not like fact-checked news are even relevant any more: after all CNN gets its breaking stories from Twitter - are making sure their slideshows of grumpy cats on bicycles targeting the "rest of us" media, are in pristine condition to bag that next Series XYZ preferred round-funded job.
  4. Pure dumb propaganda.

Whatever the case, the outcome is about as laughable as the US "capital markets"

h/t Mark

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Sat, 06/01/2013 - 17:29 | 3617007 cdntrader
cdntrader's picture

Old habit... That's all.

Sat, 06/01/2013 - 17:41 | 3617045 King_of_simpletons
King_of_simpletons's picture

Keep those positive la-la land headlines for the masses. Those idiots have short term memories and are dyslexic anyway.

Sat, 06/01/2013 - 17:43 | 3617053 negative rates
negative rates's picture

Oh I hate grumpy cats now.

Sat, 06/01/2013 - 18:01 | 3617082 knukles
knukles's picture

But they're telling the Troof

Stocks did climb for the week before falling later on.
Jeeeesh...

Some of you guys make it sound like they're trying to mislead us or sumptin'.

Sat, 06/01/2013 - 18:21 | 3617113 Pinto Currency
Pinto Currency's picture

 

The Bloomberg 'naughty press' items have been a nice counterbalance to the Eric Holder spying on the press scandal.

Sat, 06/01/2013 - 18:43 | 3617140 Fredo Corleone
Fredo Corleone's picture

"Have a problem with robots writing copy for Bloomberg ? Talk to my ombudsman, pal."

http://www.90smovies.net/wp-content/uploads/2012/03/terminator-2-robot-.jpg

Sat, 06/01/2013 - 18:56 | 3617153 AR15AU
AR15AU's picture

It just says they "climbed"...  so they climbed down...

Sat, 06/01/2013 - 20:06 | 3617282 This just in
This just in's picture

It's all mossing the big bit of good news, that chocolate rations have been increased again to 20 grams per week.

Sat, 06/01/2013 - 21:04 | 3617397 Pinto Currency
Pinto Currency's picture

 

As long as the press is naughty, then spying on the press by Obama msut not be that bad.

Thank goodness for Nanny Bloomberg, says Holder.

Sat, 06/01/2013 - 22:38 | 3617540 Jumbotron
Jumbotron's picture

THAT'S IT......THAAAAAAAAT'S IT !!!!

NO MORE BIG GULPS FOR YOU, HEADLINE WRITING ALGOS !!!!!!

Sun, 06/02/2013 - 02:30 | 3617757 doomandbloom
doomandbloom's picture

It just means its going up....by first going down...

Sun, 06/02/2013 - 10:07 | 3618022 Robsabi
Robsabi's picture

Thanks for my daily chuckle!

Sat, 06/01/2013 - 17:46 | 3617061 ZerOhead
ZerOhead's picture

Back in the old days they used to write the articles first and then the editors would come up with a catchy headline after...

These days however they can't afford to take those kinds of chances.

Sucks when someone doesn't read the memo...

Sat, 06/01/2013 - 18:14 | 3617093 jbvtme
jbvtme's picture

i read this tripe to learn what they want me to think. 

Sun, 06/02/2013 - 11:28 | 3618151 logicalman
logicalman's picture

You have to read the propaganda so you know what TPTB want you to think.

Then do your own research and compare.

It's the only way to know how far out of whack the bastards are.

 

Sat, 06/01/2013 - 18:19 | 3617109 lasvegaspersona
lasvegaspersona's picture

better dyslexic than less dickic...

Sat, 06/01/2013 - 20:08 | 3617286 This just in
This just in's picture

Dick-lessic.

Sat, 06/01/2013 - 17:43 | 3617048 Skateboarder
Skateboarder's picture

The stock market doesn't matter anymore. They could've put 'lorem ipsum..." and people would call it fact.

Sat, 06/01/2013 - 20:09 | 3617288 This just in
This just in's picture

It's all greek anyway.

Sun, 06/02/2013 - 11:29 | 3618153 logicalman
logicalman's picture

Latin

Sat, 06/01/2013 - 22:55 | 3617570 Non Passaran
Non Passaran's picture

I don't know if it's fact, but it sure would be bullish

Sat, 06/01/2013 - 18:05 | 3617087 HelluvaEngineer
HelluvaEngineer's picture

Many of these articles are written by programs.  They take white house talking points and reformat it.  There was an article recently about Chinese news agencies replacing their reporters with robots.

Sat, 06/01/2013 - 18:23 | 3617119 DontShootTheMes...
DontShootTheMessenger's picture

You a GT grad?

Sun, 06/02/2013 - 00:53 | 3617713 Red Herring
Red Herring's picture

I had the same question. I am BCE 96. You?

Sat, 06/01/2013 - 18:07 | 3617091 Croesus
Croesus's picture

Precisely illustrates why you can't believe the MSM when they say the PM bull is done. 

 

Sat, 06/01/2013 - 21:02 | 3617396 Jdog
Jdog's picture

scams can't keep up with their lies anymore, they lie so much, they can't even tell whats reality!

Sat, 06/01/2013 - 17:30 | 3617012 fonzannoon
fonzannoon's picture

it does not matter anyway. it's over from here. right about now everyone is deciding it's probably prudent to take gains. should be fun to watch.

Sat, 06/01/2013 - 17:43 | 3617051 auric1234
auric1234's picture

Or maybe we see another short squeeze.

Anything can happen in the rigged casino. It really just depends on which button the Fed desk presses.

 

Sat, 06/01/2013 - 17:43 | 3617055 Cangaroo.TNT
Cangaroo.TNT's picture

Okay, I'm an avid reader of your comments.  They tend to be brief yet insightful.  However, I know you recently said you were going to start drinking and reading ZH on the weekends again.  So, I have to ask, are those statements an accurate reflection of your reasoned opinion, or just the booze talking?

Sat, 06/01/2013 - 21:36 | 3617454 fonzannoon
fonzannoon's picture

me? I think the fed got overwhelmed last week. i think people take gains only to realize no one want to buy from them here. I think it gets nasty.

Sat, 06/01/2013 - 17:33 | 3617022 Tom Green Swedish
Tom Green Swedish's picture

I fired Bloomberg a long time ago.  Sometimes I check their world market data although I'm sure I can find a replacement for it. Crap company, crap reporting crap tv, crap computer manipulation terminal and even worse Mayor.  Pops and Cigarettes for everyone.  

Sat, 06/01/2013 - 17:35 | 3617032 Motorhead
Motorhead's picture

That mayor of NYC is such a fucking putz.  Yeah, he's rich, but what a retard.

Sat, 06/01/2013 - 17:43 | 3617049 Totentänzerlied
Totentänzerlied's picture

Buffett 2014.

Sun, 06/02/2013 - 04:02 | 3617805 dunce
dunce's picture

A prosperous fool is a grievous burden. Bloomberg, Buffet, Gates, Soros and more

Sat, 06/01/2013 - 17:41 | 3617044 auric1234
auric1234's picture

I'm so sorry, now you can't eat any more pizza. The allowance for critical thinkers has been supressed by the central nurturing committee.

 

Sun, 06/02/2013 - 10:58 | 3618097 Dealyer Turdin
Dealyer Turdin's picture

Yesterday I was by 3 girls, with four large pizzas, it's one of the manifestations of doom.  If you rock from side to side carrying your box of pizza, you should not be allowed to eat it.

Sat, 06/01/2013 - 17:45 | 3617057 Cognitive Dissonance
Cognitive Dissonance's picture

I much prefer CNBC (or as Mrs Cog likes to say "State TV) for all my propaganda. There is nothing quite like a CNBC enema to refresh a tired mind and a sore butt.

Sat, 06/01/2013 - 17:50 | 3617067 Skateboarder
Skateboarder's picture

Candied News and Bollocks Company?

Sat, 06/01/2013 - 17:54 | 3617073 Cognitive Dissonance
Cognitive Dissonance's picture

Heavy on the Bollocks please. Hold the "news" whatever that is these days. I thought it was more along the lines of reprinting press releases and 'information' hand jobs.....er......handouts.

Sat, 06/01/2013 - 17:35 | 3617023 ebworthen
ebworthen's picture

It's for people who only read headlines, and algos.

They probably hooked at least a 100,000 to place buys on their ETrade over the weekend.

Sat, 06/01/2013 - 17:45 | 3617054 Greyhat
Greyhat's picture

But what does a text interpreting algo do with inconsistent information like this? Throw a bitcoin or prefer the headline? :)

Sat, 06/01/2013 - 18:11 | 3617096 UP Forester
UP Forester's picture

The algos are so fast, they bought the dip and sold the rip before the digital ink was dry....

Sat, 06/01/2013 - 17:36 | 3617024 Agent P
Agent P's picture

I'm going with the headline.  If it's not true, they can't print it in the headline.  It's state law.

Sat, 06/01/2013 - 17:34 | 3617025 LetThemEatRand
LetThemEatRand's picture

Probably a simple explanation.  It was written earlier in the day before the market tanked.  They added the correct text after the market closed but forgot to change the headline.

Sat, 06/01/2013 - 17:51 | 3617071 Skateboarder
Skateboarder's picture

Appreciate your giving the benefit of doubt, but I don't think anyone read this article, including the author. That's the only way this is possible.

Sat, 06/01/2013 - 20:17 | 3617303 LetThemEatRand
LetThemEatRand's picture

I'm the first guy to line up behind a legitimate conspiracy theory, but the market was up most of the day and the headline/this article was written by some guy who wanted to go home early on a Friday.  When he/she wrote the headline, the market was up.   

Sat, 06/01/2013 - 20:44 | 3617364 Skateboarder
Skateboarder's picture

I can buy that. I design electronics and software and still make an ocassional [harmless] mistake once in a while. It takes a real dumbass to get the headline wrong though.

@_@

Sun, 06/02/2013 - 06:35 | 3617863 Burr's 2nd Shot
Burr's 2nd Shot's picture

Except the first line in the article reminds us that this is the first back-to-back weekly losses for the S&P since September.

Sun, 06/02/2013 - 06:46 | 3617873 gatorengineer
gatorengineer's picture

this isnt the first time this has happened its fairly regular with yahoo.......

Sat, 06/01/2013 - 17:35 | 3617026 nmewn
nmewn's picture

5.  Pro-Second Amendment terrrist hacks into Bloomberg & unleashes stupid virus.

Sat, 06/01/2013 - 18:01 | 3617081 jon dough
jon dough's picture

...leading to an avalanche of myth-information...

Sat, 06/01/2013 - 17:36 | 3617031 Fuh Querada
Fuh Querada's picture

So how reliable is the stuff on the terminals?

Sat, 06/01/2013 - 17:38 | 3617037 pauhana
pauhana's picture

Who cares?  "http://www.youtube.com/watch?v=CgWHbpMVQ1U"

We've got much bigger problems.

Sat, 06/01/2013 - 17:40 | 3617041 auric1234
auric1234's picture

The funniest thing is that they didn't just report fake news. They even explained why they happened.

I think this is an excellent proof they have no fucking clue why something happens. They have a valid explanation for each possible outcome, before the actual fact happens.

 

Sat, 06/01/2013 - 18:04 | 3617088 knukles
knukles's picture

That's watcha git fer hirin' them journalizum majors from Missouri that knows all bouts jouranlism as financhial reporters.
Buncha geniuses, I say.  Genisuses

Sat, 06/01/2013 - 18:33 | 3617129 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

I don't think it isn't because they don't have a fucking clue....... Probably more like the ranks controlling the matrix are starting crack and divide and we are now seeing it in real time either that or the compentence level has fallen so low in the rank and file that a pissed off office temp is more competent than a full time employee over there. Just pay attention this way the magic tricks can be exposed and explained so the Joe Q public can understand that it is rigged and how they are doing it.

I'd like to see Nanex charts or similiar correlated to the time stamp to see how the markets moved based upon that. We know they are trading on keywords a little reverse engineering here should be able to deconstruct how these algos are programmed to trade based on certain keywords or phrases.

Sat, 06/01/2013 - 17:39 | 3617042 q99x2
q99x2's picture

You're right. That's what that is. CNBC is rampant with those twilight zone reality headlines. I thought they ran out of money and were heading for the hills to escape.

They must have contracts with Goldman Sachs that allows them to collect no matter if anyone visits their sites..

Sat, 06/01/2013 - 17:39 | 3617043 Greyhat
Greyhat's picture

Data to text content generation bot gone wild, supervising editor stoned, shit happenz... :D

Sat, 06/01/2013 - 17:44 | 3617052 noless
noless's picture

Most people skim headlines, ingest sound bites. Debate using facts is a foreign and irrational concept to them.

Sat, 06/01/2013 - 17:45 | 3617059 Totentänzerlied
Totentänzerlied's picture

Nah, editors were too busy BUYING TEH FUKKEN DIP CAUSE STAWKS ARE STILL CHEEP!!11!1, didn't notice the error.

Sat, 06/01/2013 - 18:21 | 3617115 Wakanda
Wakanda's picture

The editors are on their way to their bunkers.  The machines are on auto pilot.

Sat, 06/01/2013 - 17:49 | 3617069 Edward Fiatski
Edward Fiatski's picture

Target audience must be OCD.

Sat, 06/01/2013 - 17:53 | 3617070 debtor of last ...
debtor of last resort's picture

Just a bug in outsourcing bitchez. Singh Mahnsang allready excused himself.

Sat, 06/01/2013 - 17:52 | 3617072 Pairadimes
Pairadimes's picture

They couldn't get White House approval on the headline they wanted to use, so they just recycled an earlier one to meet the copy deadline.

Doesn't matter anyway. Unless it's the ChairSatan, every thing else is just Brownian motion.

Sat, 06/01/2013 - 17:54 | 3617076 NOTW777
NOTW777's picture

maybe they hired bob pisani

Sat, 06/01/2013 - 17:58 | 3617078 realtick
realtick's picture

there's always something wrong with a picture

that neglects to include a chart

Best Charts Of The Past Week

http://chartistfriendfrompittsburgh.blogspot.com/2013/06/best-charts-of-... $MACRO $DJIA

Sat, 06/01/2013 - 18:26 | 3617122 Mentaliusanything
Mentaliusanything's picture

Heads and Shoulers (on) Knees and toes

Which way do I go to get out of Dodge City

 

Sat, 06/01/2013 - 18:40 | 3617133 Mentaliusanything
Mentaliusanything's picture

And it fell 208.96 points ..... Not what that article said.An article by Lu Wang 3.49pm

myoptic little Wang

Sat, 06/01/2013 - 23:17 | 3617609 fxrxexexdxoxmx
fxrxexexdxoxmx's picture

go hwy 50 and take head or east or west. there other smaller roads that will get you out quicker.

Sat, 06/01/2013 - 17:58 | 3617079 digalert
digalert's picture

That'll teach ya if you just read headlines.

Sat, 06/01/2013 - 18:00 | 3617080 Dapper Dan
Dapper Dan's picture

It's a typo on the first lead, should be ' Us stackers climb for third week amid earnings, stimulus'

Sat, 06/01/2013 - 18:01 | 3617083 world_debt_slave
world_debt_slave's picture

delusion pervades

Sat, 06/01/2013 - 18:05 | 3617090 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

I don't have access to but can someone correlate that headline with an upramp in the stock market using the timestamp. It will be interesting the determine how fast the algos jumped on it, give an idea of what the latency is and if they use inside information aka a direct line to Bloomberg itself or they have to go out through the internet to first to scan the headlines using keyword filters. Whoever can get a list of those keywords........

Sat, 06/01/2013 - 18:11 | 3617099 ekm
ekm's picture

In communism we used to call it PROPAGANDA.

 

In this benevolent dictatorship USA is evolving into, it is called PROPAGANDA again.

Sat, 06/01/2013 - 18:44 | 3617142 Sabibaby
Sabibaby's picture

or the JnEWS...

Sat, 06/01/2013 - 18:11 | 3617100 Atomizer
Sat, 06/01/2013 - 18:22 | 3617118 EmmittFitzhume
EmmittFitzhume's picture

Most of these assholes need a perma-up market to make any money.  Ponzi or bust!

Sat, 06/01/2013 - 18:27 | 3617125 Everybodys All ...
Everybodys All American's picture

You can't edit that part of Bloomberg. It's hardwired in.

Sat, 06/01/2013 - 18:47 | 3617127 razorthin
razorthin's picture

I told you long ago, Bloomjoo is filled with keynesian shills.

Why, it could have been written by the lesbian Tom Keane himself - the jokester who once quipped that the I idea of the $trillion coin was so ludicrous, that "it should have the bust of Ron Paul on it".

Fucker. And fucking network.

Sat, 06/01/2013 - 18:32 | 3617130 robnume
robnume's picture

Gee, where have we heard this story before? 1920's? Before the great Panic of 1873? Since the USA has no "free market" economy at all, and never has had, really, why would anyone believe Boomberg's lamestream headlines? This guy is, after all, der fuhrer of NYC.

Sat, 06/01/2013 - 18:59 | 3617152 Palladin
Palladin's picture

.

The MSM and everything any analyst says should be suspect.

Here's a headline from a Mr. KnowItAll regarding a stock that he is very sure is ready to "break out". 

On 5/28/13 Seeking Alpha said:

http://seekingalpha.com/article/1465521-affymax-is-still-alive

On 5/31/13 over at The.Street.Com we find

http://www.thestreet.com/story/11938672/6/5-breakout-stocks-ready-to-sur...

Somehow both these top notch analysts missed this company 8-K filing with the SEC dated 5/28/13.

http://www.sec.gov/Archives/edgar/data/1158223/000110465913046136/a13-14...

Aaand....It's gone.

 

 

Sat, 06/01/2013 - 19:05 | 3617163 razorthin
razorthin's picture

I'm sure I got a timely, prescient newsletter on Affymax.  It's here somewhere...

Sat, 06/01/2013 - 19:43 | 3617237 tradewithdave
tradewithdave's picture

Same editor that wrote the Soros obituary.

http://tradewithdave.com/?p=16258

Sat, 06/01/2013 - 20:29 | 3617331 johngaltfla
johngaltfla's picture

I loved the old Bloomberg motto better:

 

All your inside trades belong to us.

Sat, 06/01/2013 - 21:03 | 3617394 Peter Pan
Peter Pan's picture

Maybe Bloomberg is trying to be objective by presenting both sides.

LOL.

Sat, 06/01/2013 - 21:25 | 3617431 Vooter
Vooter's picture

LOL...hilarious. And like the idiots at Marketwatch--who spend every waking hour trying to get on the "right" side of every little move in the market and are forced to invent absurd (i.e., Hurricane Sandy) reasons for such moves--I'm sure these fuckers' heads are just spinning like Linda Blair's as they try to stay on message. Picture Lucy and Ethel on the chocolate-factory assembly line...

Sat, 06/01/2013 - 21:38 | 3617460 Hedge Fund of One
Hedge Fund of One's picture

The boilerplate/template/default headline didn't get edited for reality ... again.

Sat, 06/01/2013 - 22:04 | 3617491 BlackMagician
BlackMagician's picture

Disgusting...

Sat, 06/01/2013 - 23:27 | 3617619 jonjon831983
jonjon831983's picture

Wow, worse than those times you get two conflicting headlines on one screen.

Sun, 06/02/2013 - 00:01 | 3617657 EhKnowKneeMass
EhKnowKneeMass's picture

I guess nobody noticed who wrote the article.

"Hey Wang, what's with the picture?"

Sun, 06/02/2013 - 00:41 | 3617698 fl3tch3r
fl3tch3r's picture

Bloomberg is a joke. In an article I was featured in about Myanmar, I identifed 30 factual errors, 7 of which they eventually changed. Guess they made all the editors redundant, or call them editors, but make them do ummm more important stuff.

Sun, 06/02/2013 - 09:54 | 3618011 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

Yeah the editing process is done after publication these days not before. I think we are all guilty of that to a certain degree but the difference is comments like these are not journalism, fuck why should they get paid what they are being paid if the are held to same standards as the average commenter on a website as far as accuracy and facts go.

Sun, 06/02/2013 - 09:15 | 3617971 Freewheelin Franklin
Freewheelin Franklin's picture

5. All of the above.

Sun, 06/02/2013 - 09:23 | 3617981 resurger
resurger's picture

fuck bloomberg, a piece of shit company

Sun, 06/02/2013 - 11:50 | 3618186 joego1
joego1's picture

Bloomberg is a gun grabbing fascist. His empire is cracking.

Sun, 06/02/2013 - 15:00 | 3618538 Mi Naem
Mi Naem's picture

Up is down! 

Gotta problem with that?

Do NOT follow this link or you will be banned from the site!