Wednesday, August 12, 2009

Interesting First Lines: Or Why Journalists Aren't Paid to Be Prescient

From the Wall Street Journal:

Exorcising Ghosts of Octobers Past
Despite Housing Slump, Crashes Such as in 1987 Likely to Stay Memories
With the stock market booming lately, many investors are putting aside worries about the housing slump and the summer's credit crunch....
Those words appeared on page C1 of the 15Oct07 edition of the Journal.
Six days earlier the Dow Jones Industrial Average close at it's all-time record high, 14,164.53.