You know, having the news media be the tame poodles of the corporations is something akin to Lieutenant Frank Dreben in this scene.
They perk up and shamelessly tout every cockamamie, half baked bailout plan and downplay every big boom (my favorite line today is when the Dow dropped 250 pts, within 20 minutes of opening, their adjective was “flirting with losses”)!!!
So keep an eye on the raw data. The fools that are reporting the news are reporting it as their corporate masters wish it reported.