Investors Buoyed by the Big Mac
The stock market rallied because two companies (one a failed automaker and the other a fat-food purveyor in the midst of an obesity crisis) had upbeat news. Well, we live in a society where the beat beats the content, where it don’t mean a thing if it ain’t got that swing, so why not?
My newspaper has such precious headlines, particularly in the business section. Today’s offering was no surprise, but typical;
Stocks Rise As Exports Help Trim Trade Deficit
McDonald's, GM Aid Rally as Fed Decision Looms
(Tomoeh Murakami Tse, Washington Post) NEW YORK, Sept. 11 -- Stocks rallied Tuesday as a surge in U.S. exports and upbeat news from several big companies including McDonald's gave investors hope that the economy could withstand the stress resulting from the credit market turmoil.
Helped by a weak dollar, the value of goods and services the United States provided to the rest of the world in July rose by $3.6 billion, or 2.7 percent, the Commerce Department said. It was the fastest pace of grow…