World’s Worst Attribution

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The mainstream media is always desperate to explain why things are happening in the financial markets. This morning, when the futures were down so hard, MarketWatch came up with this headline:




Radio Shack? RADIO SHACK?!?!?!

Let me put it to you this way: Radio Shack's market cap is ONE-SEVENTH of completely-collapsed and on-its-way-to-$0 Zynga.

So, yeah, I don't think Radio Shack really cuts the mustard in explaining to the unwashed masses why stocks across the board are down.