pessimism

Pessimism about the global economy deepens as fresh evidence emerges of a worldwide slowdown.

Pessimism about the global economy deepens as fresh evidence emerges of a worldwide slowdown.

Seems like it all just depends on how one spins it sometimes. The IAB and PricewaterhouseCoopers tout a bull market for online advertising in the first half of 2008.

The Associated Press, though, describes a second quarter decline as the beginning of the end.

Of course economic pessimism is sort of en vogue these days.

IAB's version goes this way:

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Pessimism about financial firms and the broader economy outweighed recent positive sentiment generated by lower commodity prices.

Citigroup and Merrill Lynch put out horrible earnings reports, but they were received well. But Bank of America's bad performance is being pooh-poohed.

How is an investor to know when bad is okay and when it's actually bad? It's all relative, actually...