Investors with a high risk tolerance usually seek out volatile stocks with a high beta value, since stocks with a higher risk component also deliver higher returns.
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CNBC had the spin on the massive stock market sell-off story so fast it was as if the outlet was just waiting to protect the Biden administration from any bad news.
The Dow Jones Industrial Average fell a whopping 725.81 points July 19 as “anxiety mounted over the spread of the Delta coronavirus variant and its potential impact on the global economy,”
The Wall Street Journal reported. It was the “worst session since October” for the index.
But CNBC seemed to already know how it would spin the story at 10:42 a.m. when the market was in the heat of its nosedive: “Stock market volatility can be an opportunity for investors. Here’s why.”
Seriously? CNBC Puts Crazy Spin on Story Moments After Stock Market Nosedive newsbusters.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsbusters.org Daily Mail and Mail on Sunday newspapers.