This is one of those stories that just makes you think. If you have a mind to. Let's see. Microsoft releases its Windows 7 OS on Thursday. Big news. Then on Friday, CNBC reporter Jim Goldman incorrectly states on air that Microsoft had lowered its yearly guidance on revenue. Microsoft's stock and the entire NASDAQ took a huge hit. CNBC kinda, sorta, corrected the info, but so far has not issued an apology.
So, where does the thinking part come in? How many folks lost money on this mistake? How many others just like it, or similar to it, have caused stocks to tumble? Why do folks who play the "smart game" of Wall Street listen to these bozos if they can make errors, without doing some checking themselves? How do these people keep jobs? We complain about market manipulation all the time by the high and mighty, how about some dish on those at the lower end of the food chain?
Really interesting when you think about it.
