Odd Headline of the Day

Stock Market

CNN reports, “Stocks rally to 4-month highs after economists report recession ended in June 2009.” Three comments:

  1. Are you surprised to learn the recession ended 15 months ago?
  2. The recession ended before almost any of the Obama stimulus money had been spent, so that’s not what ended the recession.
  3. Really? People bought stocks after learning a recession ended 15 months ago? As in previous instances, I’m not convinced reporters do a good job of analyzing stock market cause and effects.