NEW YORK ( TheStreet) -- To hear the talking heads on network news last night, the same ones that millions of Americans view regularly, the markets were in the process of imploding yesterday. I could not believe my ears. The S&P 500 falls 1.4% yesterday, following a 1.6% decline last Friday, and ABC News is hitting the panic button.Among other little nuggets of information, this Disney ( DIS)-owned outlet informed viewers that the average 401(k) lost $1,300 Tuesday. They undoubtedly have very short memories, but are long on sensationalism. What else is new?
Network News Attempts to Incite Investor Panic
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