Walk in the Spirit

NYは派手に上げている､

Bigpictureさんから､

Internet Hoax Gooses Stock Market
April 01, 2008 10:00 AM

Traders woke up to a pleasant surprise on Tuesday morning, with equity Futures strongly higher. CNBC anchors were exuberant as previous earnings and credit fears melted away.

The cause?
An internet April Fool's hoax that backfired.

Dedicated short fund manager Doug Kass, of Seabreeze Partners Short LP, put out an early morning, tongue-in-cheek commentary, titled Time to Buy the Bull?  The long time Bearish market pundit and writer for The Street.com and Real Money announced that he was raising his year end price targets for the S&P500 to 1,666, which would reflect a yearly gain of 26%.

The Financial press read the commentary literally. The WSJ announced " Bear Flips Bullish! ," causing equity futures to rally. CNN Money covered the joke as if it were a real news item, and Marketwatch declared " U.S. stocks extend financial-led cheer " ､Barron's headline read " Longtime Bear Tosses in the Towel; Says New Bull Market is Upon Us ."

Bloomberg  data service ran a full news alert, specifying the details of the longtime Bear's hoax, without recognizing it wasn't real:

- The writedown of toxic paper throughout the world's financial system has dramatically overstated the severity of the credit issue.

- The major money center banks and brokers will be a contributing factor to a surprising 25%+ rise in corporate profits.

- Shares of financials, which have been unfairly targeted by the short community over the last year (monoline insurers, banks, brokerages, etc.), could double in price by year-end.

- Oil prices, stimulated almost entirely by managed commodity trading funds and hedge funds are destined to drop below $50/barrel by year end.

- The U.S. economy will avoid recession, as housing has definitely bottomed;

Bloomberg failed to note these comments were all in jest, adding to the upwards market pressure.

The veteran fund manger had assumed that readers would get the April Fool's joke -- but never imagined it would go over the heads of veteran financial writers.

Shortly after the open, US equities were in a strong rally mode. The Dow was up over 230 points, and Nasdaq had gained almost 2%, up 50 points.(以下略)

インターネット上の煽り記事だと､
いくつかあるが､ 典型がブルームバーグの上記斜字の5項目､(これ書いた人がジェスチャーに過ぎないと､断りを入れるのを忘れていたとかーー)

アト､ 興味あれば Webページ翻訳 で､