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What's Wrong With This Picture?
There is something very wrong with this Bloomberg article screengrab.
Now, there are four distinct possibilities here:
- This is the quality of headline "reporting" we can expect out of Bloomberg now that the "client surveillance" function has been turned off.
- 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.
- 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.
- Pure dumb propaganda.
Whatever the case, the outcome is about as laughable as the US "capital markets"
h/t Mark
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Old habit... That's all.
Keep those positive la-la land headlines for the masses. Those idiots have short term memories and are dyslexic anyway.
Oh I hate grumpy cats now.
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'.
http://www.veteranstoday.com/2013/05/31/secret-space-war-ii/
The Bloomberg 'naughty press' items have been a nice counterbalance to the Eric Holder spying on the press scandal.
"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
It just says they "climbed"... so they climbed down...
It's all mossing the big bit of good news, that chocolate rations have been increased again to 20 grams per week.
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.
THAT'S IT......THAAAAAAAAT'S IT !!!!
NO MORE BIG GULPS FOR YOU, HEADLINE WRITING ALGOS !!!!!!
It just means its going up....by first going down...
Thanks for my daily chuckle!
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...
i read this tripe to learn what they want me to think.
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.
better dyslexic than less dickic...
Dick-lessic.
The stock market doesn't matter anymore. They could've put 'lorem ipsum..." and people would call it fact.
It's all greek anyway.
Latin
I don't know if it's fact, but it sure would be bullish
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.
You a GT grad?
I had the same question. I am BCE 96. You?
Precisely illustrates why you can't believe the MSM when they say the PM bull is done.
scams can't keep up with their lies anymore, they lie so much, they can't even tell whats reality!
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.
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.
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?
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.
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.
That mayor of NYC is such a fucking putz. Yeah, he's rich, but what a retard.
Buffett 2014.
A prosperous fool is a grievous burden. Bloomberg, Buffet, Gates, Soros and more
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.
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.
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.
Candied News and Bollocks Company?
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.
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.
But what does a text interpreting algo do with inconsistent information like this? Throw a bitcoin or prefer the headline? :)
The algos are so fast, they bought the dip and sold the rip before the digital ink was dry....
I'm going with the headline. If it's not true, they can't print it in the headline. It's state law.
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.
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.
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.
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.
@_@
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.
this isnt the first time this has happened its fairly regular with yahoo.......
5. Pro-Second Amendment terrrist hacks into Bloomberg & unleashes stupid virus.
...leading to an avalanche of myth-information...
So how reliable is the stuff on the terminals?
Who cares? "http://www.youtube.com/watch?v=CgWHbpMVQ1U"
We've got much bigger problems.
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.
That's watcha git fer hirin' them journalizum majors from Missouri that knows all bouts jouranlism as financhial reporters.
Buncha geniuses, I say. Genisuses
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.
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..
Data to text content generation bot gone wild, supervising editor stoned, shit happenz... :D
Most people skim headlines, ingest sound bites. Debate using facts is a foreign and irrational concept to them.
Nah, editors were too busy BUYING TEH FUKKEN DIP CAUSE STAWKS ARE STILL CHEEP!!11!1, didn't notice the error.
The editors are on their way to their bunkers. The machines are on auto pilot.
Target audience must be OCD.
Just a bug in outsourcing bitchez. Singh Mahnsang allready excused himself.
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.
maybe they hired bob pisani
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
Heads and Shoulers (on) Knees and toes
Which way do I go to get out of Dodge City
And it fell 208.96 points ..... Not what that article said.An article by Lu Wang 3.49pm
myoptic little Wang
go hwy 50 and take head or east or west. there other smaller roads that will get you out quicker.
That'll teach ya if you just read headlines.
It's a typo on the first lead, should be ' Us stackers climb for third week amid earnings, stimulus'
delusion pervades
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........
In communism we used to call it PROPAGANDA.
In this benevolent dictatorship USA is evolving into, it is called PROPAGANDA again.
or the JnEWS...
Obama: Stimulus Bill Saved Troubled Economy
American Recovery and Investment Act
http://www.recovery.gov/Pages/default.aspx
Most of these assholes need a perma-up market to make any money. Ponzi or bust!
You can't edit that part of Bloomberg. It's hardwired in.
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.
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.
.
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.
I'm sure I got a timely, prescient newsletter on Affymax. It's here somewhere...
Same editor that wrote the Soros obituary.
http://tradewithdave.com/?p=16258
I loved the old Bloomberg motto better:
All your inside trades belong to us.
Maybe Bloomberg is trying to be objective by presenting both sides.
LOL.
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...
The boilerplate/template/default headline didn't get edited for reality ... again.
Disgusting...
Wow, worse than those times you get two conflicting headlines on one screen.
I guess nobody noticed who wrote the article.
"Hey Wang, what's with the 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.
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.
5. All of the above.
fuck bloomberg, a piece of shit company
Bloomberg is a gun grabbing fascist. His empire is cracking.
Up is down!
Gotta problem with that?