Media Scare Tactics 101: Stock Market Crash Eminent

[Michael Delvey]

Just so you know, the Dow Jones just dropped 500+ points. Other markets are going down with it. So what now escapist? Is the media taking this way out of proportion or should we start loading shotgun shells?

 

[Atticus89]

If enough people buy bullets out of fear, would that help or hurt the economy?

 

[Twilight_guy]

500 points is a big drop but from what I hear its only the 6th biggest drop on history. The stock market could bounce back or it could crumble but usually its pretty resilient. It basically only works because people want it to work and it seems like the only institution where if people want it to work hard enough it will.

 

[DeadlyYellow]

People love fear and being irrationally angry. Media corporations know this and purposefully exploit it.

As it stands I can't say I care one way or the other. As I have no idea how the system works when I perceive it being based on nothing, I'm just surprised it hasn't collapsed entirely.

 

[crimson5pheonix]

It wouldn't be so bad if it hadn't dropped 650 points Monday. And something like 450-500 points Friday.

 

[Michael Delvey]

500 points isn't an unprecedented drop, that's in sympathy with the French trouble and will recover as soon as the effects of the French economic woes on US interests are known. It's mostly uncertainty at the moment, though if you have cash now's a great time to buy, just be careful what you buy in!

The Dow's still up over this time ten months or longer ago, this is probably only a temporary drop, albeit a large one. Still, that drop is under 5% of the market's total value, the kind of thing one expects in this circumstance. Once Obama announces the next economic recovery plans, firms select new more stable suppliers and the damage is assessed it'll bounce back.

That's what I think too. The thing that's making me uneasy is apocalyptic type news casting is coming from both sides, liberal and conservative. I already know the indie side is definitely going to take advantage of this.

 

[VaNilla]

It isn't about promoting fear, it's about reporting issues in the real world. That should be obvious.