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On the topic of sentiment:
Next time you are at the grocery store, look for the Sun tabloid (U.S.).
I am not a regular reader, but I couldn't help notice the headline
"MONEY CRISIS ALERT - BIG STOCK MARKET CRASH BY SUMMER".
Inside they have Greenspan made to look like a puppeteer - "Meet Alan
Greenspan: The Man Who Plays God With Your Money". Allegedly there have
been people who "have accused him of witchcraft."
The story itself is based on the most sensationalist comments of someone
named Arthur T. Dale, "Wall Street economist and political scientist".
He cites a "deadly deflationary spiral...resulting in a depression and
economic disaster on a worldwide scale." The Star interprets his
comments (in capitals) as "THE WHOLE DARN WORLD IS GOING BUST!" Looking
at the ads, as well as the articles, is generally a good way to get a
fix on the audience of most periodicals. Clearly, the average Star
reader has a strong belief in the supernatural/phenomena (astrology,
UFOs, many ads for psychic readings) questionable (miracle) medical
procedures and remedies and items for sale which are in some way
"collectibles".
Granted, stories are chosen for their sensationalism and it an unusual
place (to put it mildly) to look for financial information, possibly
making it even more of a contrarian indication (and one of the more
entertaining ways to spend $1.39)
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