Here's the big one today:
See, when Drudge posted the headline/graph Wednesday morning, Feb. 25, and the graph only showed stock activity between 10 am and 11 am, it was supposed to be a ha-ha moment: Obama addressed the nation about the economy last night and the market opened way down. I guess readers are supposed to see a direct connection between the two because conservatives have decided that Obama's entire presidency is going to be judged, hour-by-hour, by the stock market.
But uh-oh. Look what happens around 2pm. The stock market recovered its losses for the day. Did the rebound have anything to do with Obama or his rhetoric today? No. Just like the early decline didn't have anything to do with Obama. (Unexpected declines in housing prices did, though.)
The truth is, the longer Drudge keeps the graphic up on his site the more people will see the absurdity of the exercise.
Drudge gives in around 3:30 pm and changes the headline to "STOCKS REBOUND"
The comedy continues. At 4 pm Drudge goes back to WAS IT SOMETHING HE SAID? Is he going to do this for four years?
FYI: The graphic above continually updates and is now showing the latest Dow movement, and does not reflect the activity at the time Drudge first posted on Wednesday, Feb. 25.
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