This morning one of the must follow accounts who documents a lot of the nonsense coming from the financial media and in the majority of cases, the companies they supposedly report on themselves.
Tell me if this isn’t a “tell” as to how fraudulent or financial media behaves to pump equities no matter what:
If your are not following this account about the nonsense from America’s high tech corporate idiocy, I strongly suggest my readers head over to X and do so.
Is this report really anything new?
No. I’ve been ranting about this on message boards, my blog, and radio shows off and on for over 20 years. Yet the mainstream financial media claims they are the ultimate arbiter of information despite reporting nonsensical propaganda that would make the USSR jealous with envy tenfold.
What is your esteemed host in these pages ranting about?
Let’s review the prior iPhone releases and the “headlines” as the media reports it:
So they’ve been doing this since the iPhone 11 release in 2019, no big deal, right? Uh, longer:
Okay, well, yeah, that’s just promoting products. Companies do not do this with important releases like earnings, right?
Check out this warning from Apple reported by cNET on September 21, 1999:
Needless to say, the earnings report “surprised” just a little over one month later with a beat:
Shockingly to no one who has a clue, Apple is not the only company that does this. The companies warn, the financial propaganda machine reports it, the stock declines by 1 or 2% that day, then the headline of “a shocking beat” or whatever crosses the tape when earnings report begin.
Wash, rinse, repeat.
It’s a great confidence game and only the suckers play it to the bitter ends. Watch not what they report, not what the financial media or “experts” wearing freaky sports jackets say nor the rumor mills on the internet.
Pay attention to the insider selling, the corporate bonds, and the market overall. Or else get your portfolio smoked and blame the bald guy who throws plastic bulls and whines like a little bitch when a “shocking” stock market correction or worse, a crash suddenly occurs.