Phil:

Reminds me of a Kerry Packer incident down here...

He sold of his Westpac (One of our major banks) shares and his "followers" did likewise.

This BIG offload resulted in the media printing that Westpac was "shakey."

Of course, more people offloaded Westpac shares because of the media and the bank did become "shakey." Not enough to even be remotely close to collapsing. But still...

And all because a journalist didn't understand WHY the shares took a quick dive.

I agree with his ability with the media. The man knows how to play them to his best advantage.

Now if only we could get the media to NOT report the state of the economy. Then people would go about their business without changing their behaviour. And things might not get as bad as they do or overflourish as they have done.

Michael Ross