The Gateway Pundit explains at least one reason for the poor performance of media and publishing stocks relative to the market over the last 5 years. They cannot be trusted to report truthfully or comprehensively and thus no one on any side of an issue knows if what the media reports is even remotely factual. Go to Gateway Pundit's Post and read it if you wish to be infuriated:
Its a Quagmire!... Media Reports 6 Bogus Stories in 6 Weeks!
In roughly six and a half weeks the mainstream media reported 6 bogus stories from Iraq and Afghanistan.
There certainly could be more.
They all reflected poorly on the US and US military.
Isn't it past time that the media be held accountable for their horrible record?
And... Is it really surprising that only 29% of Americans, Germans and Brits trust their media?
For those of you who don't read the article I want to point out for all these false stories no corrections have been issued by the media outlet that erroneously spread the story.
Thanks to Instapundit for linking to this article, you won't see anything about this on your conventional meedia source. charts of Publishing industry and Broadcast and Cable relative to SP500 courtesy of Fullermoney.
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