Originally Posted by
CLT Guy
Actually, yes. Both. The thing is that there are always people looking at the current "crisis" and just knowing that it is going to fall apart. When nothing becomes of it, they move on to something else.
Most people fail to realize that it is just the media selling advertising and making 90% of it up. There is some truth, but the majority of it is nothing but hype.
LOL
So....what part about the near total collapse in oil prices below $30/barrel and commodities in general do you think is "hype" and the media "making it up"?
Is the media "making it up" when it truthfully reports that the stock market has had it's worst annual opening in it's entire history, as it has to begin this year?
Or that the DOW closed down another 364 pts today?
Is the media exaggerating the collapse of the Chinese market and the PBOC's total failure to stop it?
By all means, professor, educate us.
