So much crap from Market Watch

Discussion in 'Trading' started by luisHK, Jul 5, 2011.

  1. luisHK


    Do they even check the market before writing their headlines :confused:

    ""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. CBD’s 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 :p
  2. emg


    the service is free. Which is why it is a crap
  3. will848


    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.