It's all about speculation now......

In another contribution by my good friend Ernest, CNN got caught with their pants down after publishing (or put more accurately - after allowing to be published) a citizen-created report that "Steve Jobs (was) rushed to ER following (a) severe heart attack". This had an expected negative effect on Apple stock until people got wise.

What I love about this story is not what happened, but some of the responses that fell out of the story:

This article should not be about the citizen journalism, it should be about the stupidity of Wall Street. Our stock market is driven by rumour and not financial statements. Even if Steve Jobs had passed away, does that indicate that I-Pods and I-phones would stop selling? This is the problem with Wall Street. I wouldn't trust my money with those idiots for nothing. Why are my tax dollars going to bail out people who would sell Apple stock over a rumour? Even if it had been true, this should not affect stock prices. The same thing happened with an airline recently. We need to stop letting the stock market affect our economy when they don't know what they are doing.