Don't Buy Blodget's Microsoft Bluster

The Business Press Maven hardly has the intestinal fortitude to take on today's media morsel, but I forge on to save you, the savvy investor, from certain financial ruin.

Ears perked yet? Good.

Because we have two merger rumors being bandied about by the business media right now, and an application of The Business Press Maven's vaunted "source analysis" will make quick work of both.

One of the most persistent and ridiculous rumors we've seen crop up repeatedly has been the one about Microsoft(MSFT) buying Yahoo!(YHOO). "Source analysis," which analyzes the validity of the rumor by analyzing how strong the sourcing of the article is, showed this deal to be bogus numerous times.

So what, pray tell, did it take to create yet another round of nonsense on this nondeal? Hysterically, the what is Henry Blodget, former dot-bomb scamp who skirted prison by the skin of his teeth and now pontificates about the stock market. If Henry were simply braying away on the Internet, that would not be bad. But the rare-do-well has been showcased without a valid warning in The New York Times , where he was called a "chastened bull," a description that is in the early running for understatement of the decade.

Anyhow, a couple of days ago, Henry revived the MicoHoo nonsense on the strength of the supposition that a Microsoft official was not a "moron." Someone at Microsoft said they were going to increase search market share, which, in the world according to Henry, meant a sure Yahoo! takeover. Whatever.