Another ridiculous Bloomberg headline
Who writes this nonsense?
“Stocks slide on growth concerns,” reads the top story on the Bloomberg Terminal this morning. The Walmart of financial news has managed to construct a headline in which every term is false.
Amazon is up 3.25% at the moment, and that’s a growth stock. Growth stocks do better when people think there is growth. The overall indices are down modestly (the S&P is off 0.26%, the Dow off .15%) because Amazon’s growth means trouble for Costco, Target, Walgreen, CVS and Walmart. That’s a “slide”? And investors are “concerned” about growth?