Ed Driscoll

Stocks Hit Five Year Highs, Reuters Yawns

Reuters’ article begins:

U.S. stocks rose sharply on Tuesday, with the Dow and S&P 500 indexes hitting their highest in nearly five years as U.S. Treasury yields fell and record profit from Goldman Sachs Group Inc. boosted shares of financial companies.

I wonder why their editor chose the headline of “Stocks rise on lower bond yields, Goldman profit”, instead of the first five words of what I wrote above?

Of course, as I wrote back in December, if you’re an investor, there’s an upside to the media’s reluctance to pop the cork and celebrate the economy’s success.

Update: Newsbusters has some related thoughts.