The Media is Not Your Friend

While there is coverage on the soon to be Supreme court justice, I do not understand why is on Yahoo Finance. Will her one vote change the financial landscape, who knows. But the optimism in GMGMQ seems to be dying as the OTC stock fell 59.2 cents, or 51 percent, to 55.8 cents in morning trading Wednesday. My thought for the day is the news is entertainment. Many Americans watch the news thinking they are going to more informed than the guy down the street but they leave with very little. The news can help you learn about what roads not to take in the morning, major issues on the Capitol and what restaurants failed their inspection. But after 3 hours are you smarter or more informed. The news like every other non public show needs advertising revenue. If they were really there to help why do they wait until after the commercial to tell you the life threatening product lurking in your kitchen. You have to separate the useful information from the noise and this includes my favorite channel CNBC.