Nov 272008

Page One headlines from Wednesday’s WSJ:

  • “Fear Recedes in the Debt Markets”
  • “The Numbers Only Feed Fear of Deflation”
  • “Dollar Appears Safe for Now As Fears of Inflation Recede”

So much fear. One wonders how our intrepid WSJ reporters can come up with so much objective information about the states of mind of the millions of people involved in the markets. Polling? Intensive surveys? Do they get psychologists and psychologists to analyze people?

But here’s one where they slipped up:

  • “Dow’s 3-day Gain is First Since August.”

I predict the writer who came up with that is not going to be in Murdoch’s organization for long. There is not a word in it about fear or any other inner emotional state.