NYSE Plummets as Sky is Falling Rumors Abound

stocks drop post-election
stocks drop post-election

Stocks took a lemming-like dive off the cliff after election results catch pundits off balance. Ignore the rumors.

Earlier this morning, Mizz Snarkity Snark saw a post on The Book of Faces that said, to wit:

HEADS UP PEOPLE STOCK MARKETS GOTTA MAJOR SELL OUT AND IS DOWN OVER 13,000 poInts

Considering that the warriors of Wall Street are temporarily disarmed by the news that Romney will not be buying the New York Stock Exchange as had been so eagerly anticipated, a bit of exaggeration is understandable.

Rumor Plus Gossip Does Not Equal Gospel

But, please. MSS hastens to remind would-be rumormongers that there are persons out there so completely wrapped up in believing anything they see on the Book of Faces and the Interwebs that they will see that “NYSE Down 13000 points” and be entirely convinced that it is true, without having the mental agility to Check The Facts.

Quick Lesson in Truth in Headlines vs Rumor

Here’s a handy guide to help decipher the outrageous news from the factual:

TRUTH -> USGS Reports 7.4 Quake in Guatemala

RUMOR -> Stock Exchange Drops 13000 Points

TRUTH -> Obama Wins Second Term

RUMOR -> Republicans Storm White House, Set Oval Office on Fire

TRUTH -> Colorado Legalizes Marijuana

RUMOR -> Colorado Donates 54 Tons of Marijuana to Georgetown University for Disaster Relief

Got it? Good show. Thanks for helping. This is the sort of out-of-control newsing that gives media a bad name and causes random runs on toilet paper at the local grocery.

Much love to each of you. Please keep the little ones away from headline news sources for the next day or so.