Do they even check the market before writing their headlines http://www.marketwatch.com/story/european-markets-hold-steady-carrefour-slumps-2011-07-05 ""July 5, 2011, 4:15 a.m. EDT European markets hold steady; Carrefour slumps "shares in French retail giant Carrefour SA slumped on worries over its proposed deal in Brazil. " "Carrefour sank 9.7% in Paris as its plans for a merger of its Brazilian business with regional retailer Companhia Brasileira de Distribuicao Grupo Pao de Acucar looked increasingly difficult. CBDâs existing partner Groupe Casino SA said Monday that a deal with Carrefour would violate terms of a prior agreeme" When actually Carrefour is strong and up 4% today, after thesplit with DIA (3.5euros per share I think) and paid out a 1.08euros dividend before market open today. Worries iover Brazil overwhelming indeed?!? Elite Trader doesn't feel so bad some days
I remember CNBC printing a story back on a day in 2008. It was a typical, last 30 minute rally. CNBC claimed the market cheered because Geithner was announced as Treasury Secretary.