Dow Breaks 12,000 While the Media Continually Cries "Wolf"

The Dow Jones Industrial Average hit the remarkable 12,000 mark for the first time in its history today, further sign of an economy that is continuing to grow. This, in spite of the continued out pouring of negative news stories. Furthermore, unemployment continues to stay below 5%, again a sign of continued prosperity.

Why the continued growth and prosperity in spite of the bad news? Do you happen to remember that story we all learned in elementary school of Aesop's Fable about the Boy Who Cried Wolf? The child was bored and he got into the habit of yelling "Wolf! Wolf!" in other to enjoy the excitement of hunters coming to the rescue. The third time he did this, however, no hunters came because they didn't believe him and this time to wolf actually got him. I believe the media is the boy and the American people are too busy hunting opportunities to grow their own personal economy and the economy of the country as a whole.

If there is a wolf that is lurking to devour our economy, the media will not be able to warn us of it with any credibility. Most of us are simply going to keep pursuing our own American Dream. If the media wants to be taken seriously again as an information source, they are going to have to reconstruct themselves and do it quickly.