Ever stop for a second to observe who makes the sausage? A headline written today by Reuters Ryan Vlastelica:
“NEW YORK (Reuters) – As a last-minute deal to resolve spending negotiations in Washington appeared less likely, U.S. stock investors braced for what had previously seemed remote: a shutdown of the U.S. government that could spark a major equity decline.”
That background of course allowed him to make a prediction of a major stock market decline.
Party on Garth.
Note: If you happen to be a much larger player in the media that immediately thinks I am unfairly picking on a young reporter — I could care less. The financial media matrix is gross from top to bottom. Plus, I pick on the top too.