The DOW is down about 6.5% and the S&P 500 over 6%.

Q: Why?

A: Fake news and oil.

Good News on Fake News

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Thank you Mike Pence and the Task Team, especially communications czar Pence for stopping the spread of fake news. Uh.. wait a minute on that.

And look at all their other accomplishments, like. Hmmm. I will have a list this afternoon because there are too many accomplishments to list at the moment.

Meanwhile, please note our best in the world job of testing. Only those we have tested have the coronavirus because we are smart enough to only test those we are pretty sure have it.

Meanwhile

How the Tune Changes

Mike "Mish" Shedlock

Fake News Police Arrive in Germany

On behalf of Merkel-sponsored Russophobia, including threats of fines, Facebook rolls out fake-news filtering service to Germany.

Trump in Meltdown Mode Over His Own Fake News

Trump touts a “Fake News” media war and says his rallies must go on. But insiders say Trump's fears are easy to see.

Fake News Paranoia: UK Wants to Regulate Google and Facebook Seeks Regulation

Government paranoia over "Fake News" has reached a fever pitch in the US and Europe. Proposed solutions are ludicrous

Fake News from Newsweek: "Ivanka Trump Plagiarizes Her Own Speech"

In a nonsensical, fake news Tweet, Newsweek proves it does not understand what plagiarism is.

Housing Starts and Permits Dive Again, Mainstream Media Blames Hurricanes: What's the Real Story?

Housing starts and permits disappoint again. Both sets of numbers were well under the consensus estimates. Mainstream media was quick to blame the hurricanes, but starts were also down in the Midwest and Notheast. Let's take a look at the numbers and the real story.

Did Fake News Help Trump? New Study Says Ads More Important

The consensus opinion in every corner of mainstream media is “fake news” helped propel Donald Trump’s victory over Hillary Clinton.

New Exponential Jump in Coronavirus Cases and Deaths

Amidst all the claims of fake news let's take a step back and look at the actual data.

Facebook in the Crosshairs: Massive Data Breach, Corruption, Fake News

Facebook was under huge pressure today as European regulators dove into security concerns. The selloff is long overdue.

Newsweek Fake News: “The Russian Plot, How Putin and Trump Colluded”

Disguised as an opinion piece, Newsweek writes The Russian Plot: How Putin and Trump Colluded.