Bloomberg headline

“Stocks slide on growth concerns,” reads the top story on the Bloomberg Terminal this morning. The Walmart of financial news has managed to construct a headline in which every term is false.

Amazon is up 3.25% at the moment, and that’s a growth stock. Growth stocks do better when people think there is growth. The overall indices are down modestly (the S&P is off 0.26%, the Dow off .15%) because Amazon’s growth means trouble for Costco, Target, Walgreen, CVS and Walmart. That’s a “slide”? And investors are “concerned” about growth?