Liberty Posted August 19, 2011 Author Share Posted August 19, 2011 BAC cutting around 3,500 jobs: http://online.wsj.com/article/SB10001424053111904070604576516813395283964.html Link to comment Share on other sites More sharing options...
ubuy2wron Posted August 19, 2011 Share Posted August 19, 2011 BAC cutting around 3,500 jobs: http://online.wsj.com/article/SB10001424053111904070604576516813395283964.html I watched the talking heads on CNBC discussing in alarming terms this new bit of information I believe BAC has over 200,000 employees. They might as well been discussing the fact that Bill Gates lost a quarter in the broad scheme of things. Do they only hire bi-polar individuals by the way on the financial news net works. Link to comment Share on other sites More sharing options...
Liberty Posted August 19, 2011 Author Share Posted August 19, 2011 Do they only hire bi-polar individuals by the way on the financial news net works. In a way, these people are a personification of Graham's Mr. Market. ;D Link to comment Share on other sites More sharing options...
bargainman Posted August 19, 2011 Share Posted August 19, 2011 I watched the talking heads on CNBC discussing in alarming terms this new bit of information I believe BAC has over 200,000 employees. They might as well been discussing the fact that Bill Gates lost a quarter in the broad scheme of things. Do they only hire bi-polar individuals by the way on the financial news net works. Remember, media sells.. advertising! The more alarming it sounds, the more clicks they gather the better! That's what they're selling. They aren't reporting news, they're selling advertising.. just remember that... Link to comment Share on other sites More sharing options...
Carvel46 Posted August 20, 2011 Share Posted August 20, 2011 Media delivers a certain type of viewer/consumer to advertisers. Media produces the content that viewers already believe and will accept without thought. Link to comment Share on other sites More sharing options...
moore_capital54 Posted August 20, 2011 Share Posted August 20, 2011 We bought more BAC today @ 6.95... Link to comment Share on other sites More sharing options...
Liberty Posted August 20, 2011 Author Share Posted August 20, 2011 Remember, media sells.. advertising! The more alarming it sounds, the more clicks they gather the better! That's what they're selling. They aren't reporting news, they're selling advertising.. just remember that... It's mostly that a lot of journalists aren't necessarily smarter than everybody else, and if everybody else things that way (doesn't keep things in perspective, overreacts both ways, etc), chances are that journalists do too. Link to comment Share on other sites More sharing options...
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