{"id":1217,"date":"2009-03-11T22:38:04","date_gmt":"2009-03-12T05:38:04","guid":{"rendered":"http:\/\/www.newscorpse.com\/ncWP\/?p=1217"},"modified":"2012-02-04T13:16:56","modified_gmt":"2012-02-04T21:16:56","slug":"bill-oreilly-controls-the-stock-market-part-ii","status":"publish","type":"post","link":"https:\/\/www.newscorpse.com\/ncWP\/?p=1217","title":{"rendered":"Bill O’Reilly Controls The Stock Market, Part II"},"content":{"rendered":"

Last June Jed Babbin of the uber-conservative Human Events Magazine wrote a disturbingly ignorant article<\/a> in which he contended that Bill O’Reilly’s asinine babbling about General Electric may have caused their stock to decline.<\/p>\n

Now Paul Bond of the Hollywood Reporter has sunk to the same depths of dumb. Bond has a history of poor analysis and bias<\/a> that would embarrass the editor of a high school newspaper. In this column<\/a> he asks: “Could O’Reilly have been a factor in GE’s stock becoming a dim bulb?”<\/em> Most of the article is a tired rehashing of the war O’Reilly has declared on GE\/NBC\/Keith Olbermann. But near the end of the piece he gets around to answering his own question:<\/p>\n

“Despite the relentless nature of the tirades, there aren’t many on Wall Street who suggest O’Reilly has been the cause of GE’s free-falling stock. In fact, most experts dismiss it as partisan street theater, and they point out that shares of News Corp., parent of O’Reilly’s own network, also have been crushed.”<\/span><\/p><\/blockquote>\n

That would seem to settle it. The article’s headline was just Bond’s sensationalistic ploy that was summarily dismissed by more realistic analysts and experts. Except for the fact that Bond’s bias still manages to emerge as he cites stock performance data that he seems to have made up. He says that this year GE has declined 53% and News Corp only 32%, a 21% difference. Actually GE has only declined 45%, but News Corp dropped 39%, a mere 6% difference. It’s bad enough that he can’t write, but apparently he can’t do math either.<\/p>\n

It hardly makes sense to keep comparing GE to News Corp in the first place. News Corp is an almost pure media play, while GE is a conglomerate that has a small media component along with much larger entities engaged in defense contracting, appliances, medical technology, electronics, and finance (which, in case Bond didn’t notice, has been having a very bad year). A better comparison for News Corp would be Disney, Time Warner, and Viacom, all of which outperformed News Corp this year. But that doesn’t stop Bond from drawing a conclusion that teeters on fantasy. In the very last line of his article he says:<\/p>\n

“As long as News Corp. keeps outperforming GE, criticism of O’Reilly and his stockpicking prowess will ring hollow.”<\/span><\/p><\/blockquote>\n

All I can say to this is that as long as Bond keeps writing absurd articles that misstate facts and twist reality, allegations of his sanity will ring hollow – much like his pal O’Reilly.<\/p>\n

Addendum:<\/strong> O’Reilly took to the megaphone to trumpet news that S&P cut GE’s credit rating one step from “AAA” to “AA+”. While O’Reilly announced that as if it were his own victory, he didn’t bother to mention that his employer, News Corp, has a lower credit rating of “BBB”. And what are the odds that he’ll mention that Warren Buffet’s Berkshire Hathaway just received the same rating cut that GE did?<\/p>\n","protected":false},"excerpt":{"rendered":"

Last June Jed Babbin of the uber-conservative Human Events Magazine wrote a disturbingly ignorant article in which he contended that Bill O’Reilly’s asinine babbling about General Electric may have caused their stock to decline. Now Paul Bond of the Hollywood Reporter has sunk to the same depths of dumb. Bond has a history of poor […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1,16],"tags":[26,33,518,32,459],"class_list":["post-1217","post","type-post","status-publish","format-standard","hentry","category-general","category-wankery","tag-bill-oreilly","tag-fox-news","tag-general-electric","tag-news-corp","tag-paul-bond"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p4Ijg-jD","jetpack-related-posts":[{"id":1201,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=1201","url_meta":{"origin":1217,"position":0},"title":"Bill O’Reilly Can’t Get No Respect","author":"Mark NC","date":"2\/17\/2009","format":false,"excerpt":"In a segment preposterously misnamed \"Reality Check,\" Bill O'Reilly has once again tread on territory that only highlights his hypocrisy and dishonesty. For months O'Reilly has berated General Electric and its CEO, Jeffrey Immelt, for the poor performance of the stock. O'Reilly, with an undisguised disgust, asserts that Immelt is\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=219"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":755,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=755","url_meta":{"origin":1217,"position":1},"title":"Bully Bill O’Reilly’s Contact Journalism","author":"Mark NC","date":"1\/15\/2008","format":false,"excerpt":"\"I'm coming after you...I'm going to hunt you down [...] if I could strangle these people and not go to hell and get executed...I would.\" Bill O'Reilly directed that threat toward figures in the press whom he considered his enemies. In light of the obvious hostile intent O'Reilly harbors, the\u2026","rel":"","context":"In "General"","block_context":{"text":"General","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=1"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1184,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=1184","url_meta":{"origin":1217,"position":2},"title":"Bill O’Reilly Is Scared Out Of His Mind","author":"Mark NC","date":"1\/23\/2009","format":false,"excerpt":"All the symptoms are present. The shameless self-glorification. The lashing out at perceived enemies. The mangling of reality. The desperate grasping for affirmation. Bill O'Reilly is scared out of his mind. To be a little more accurate, I should break that sentence apart: Bill O'Reilly is scared - and -\u2026","rel":"","context":"In "General"","block_context":{"text":"General","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=1"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":961,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=961","url_meta":{"origin":1217,"position":3},"title":"Bill O’Reilly Controls The Stock Market","author":"Mark NC","date":"6\/30\/2008","format":false,"excerpt":"Jed Babbin, the editor of Human Events, has written what may be the stupidest article of the year. In it he wastes 1200+ words arguing that GE\/NBC is terribly upset with the prodigious success of its cable news network MSNBC. Obviously - anyone would be disturbed with a business enterprise\u2026","rel":"","context":"In "General"","block_context":{"text":"General","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=1"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1234,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=1234","url_meta":{"origin":1217,"position":4},"title":"David Letterman And The Goon: Bill O’Reilly","author":"Mark NC","date":"4\/1\/2009","format":false,"excerpt":"The latest installment of the ongoing episodic series, Letterman and the Goon, aired last night, and the madcap misadventures of this odd couple didn't fail to entertain. The program began with David Letterman revealing how the show got it's name when he told Bill O'Reilly that... \"I've always thought of\u2026","rel":"","context":"In "Free Press"","block_context":{"text":"Free Press","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=14"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1231,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=1231","url_meta":{"origin":1217,"position":5},"title":"Bill O’Reilly: MoveOn Forced CNBC To Hire Howard Dean","author":"Mark NC","date":"3\/29\/2009","format":false,"excerpt":"Bill O'Reilly gets funnier by the day (or scarier, depending on your perspective). His latest broadcast falsehood is that MoveOn.org has wielded its mighty power to \"force\" NBC\/Universal CEO Jeff Zucker to hire Howard Dean as a contributor to CNBC. 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