The news tends to be a pretty bleak affair — earthquakes, storms, floods, and volcanos. On top of that, unemployment is high, home foreclosures are up, credit is tough, and interest rates are climbing. In the bleak landscape of death, destruction and misery, the only bright spot appears to be the steady ascent of the stock market averages and the improving fortunes of big banks.
Dow Jones Industrial Average - 1 year
As a general rule, good news is not news. As long as everything is ticking along as predicted, doing what we expect, there’s nothing “new”, but when things don’t go as predicted and all Hell breaks lose — well that’s called “news”.
There’s one notable exception to the “bad news is news” rule, and that’s the business of manufacturing the good news that routinely fills financial columns. Con artists are good news manufacturers who trade in predictions and provide observations that prove they are right. They loudly proclaim that they have a snake oil that will reliably and predictably cure all that ails you and, for a small fee, you can have a sip.
If you want it, here it is
Come and get it
But you better hurry ’cause it’s going fast
If you want it, here it is
Come and get it
Make your mind up fast
If you want it anytime I can give it
But you’d better hurry ’cause it may not last
“Come And Get It”, Paul McCartney
Watch out. Sometimes good news is bad news.
