They Think We're Stupid

Sometimes I think I am the only one out here who thinks for myself!

People, you cannot believe anything you read. Yesterday, in Bloomberg, there was a headline under "Breaking News" that said:

Nov. 27 (Bloomberg) -- US stocks climbed, rebounding from the market's first 10 percent drop in four years, after Citigroup, Inc. said it will receive a $7.5 billion cash infusion from Abu Dhabi's government. ...

They repeat the information in the body of their article because telling a lie once is not enough.

Do they think we have forgotten the major correction this past summer? Are they ignorant? Do they think we are? Perhaps, they're just trying to capture headlines and readers. Or, just maybe, they're just plain lying to everyone.

On July 16, 2007, the S&P reached 1555 and, on August 16, 2007, it went as low as 1370. That, my friends, is a drop of 185 points or 11.9%.

The last I checked, 11.9 is greater than 10.

Of course, I'm just a bunny and we are known for multiplication, but it is simple math...