WSJ - now even the reporting (which used to be good) is garbage

[swag]

http://www.ritholtz.com/blog/2010/01/wsj-jumps-the-shark/

The politicalization of the WSJ has moved to a new and more risky phase. The paper is now in danger of being a money loser — not for its investors (tho that has already happened), but for those traders who read its content.

It used to be that articles on the Market or specific companies or various finance stories were objective and reliable and free from bias. Sure, you could always count on money losing, bat-shit crazy nonsense in the editorial pages, but that was a special area of sequestered partisans, who due to their insanity cared not a whit about how much capital their lunatic ravings lost their readers. (The list is long and varied, but the Boskin “Obama Crash” on March 6th is a good place to start; then read anything Don Luskin writes — he is a reliable contrary indicator).

I assumed the drunks on the OpEd page did not care about what they did to your portfolio if you drank their Kool-Aid. But they were easy to avoid –you simply avoided that page, or read it and laughed. Smart investors could easily say “Go sell crazy somewhere else –we ain’t buying.” That was possible because you knew that the business pages were sacrosanct, always run with a steel-eyed objectivity that professionals could rely upon.

That is no longer the case. The lunatics now run the asylum, and henceforth, I am moving the WSJ into the column of “Stuff to read, but not take very seriously.”

more . . .

http://www.ritholtz.com/blog/2010/01/wsj-jumps-the-shark/

[Blue Owl]

1. Thank Rupert Turdock

Everything he touches turns to raw, toxic sewage.

[Blue_Tires]

3. true

i've noticed a drop-off in quality as well

[daa]

2. They have been calling me to reup and I don't

answer the phone. Investors require accurate facts, not Murdock's opinion to base decisions. Barry rocks too, he is close with Dylan and appears sometimes.

[Daveparts still]

4. I used to read the paper

sometimes, I usually didn't agree but they put forward cogent opinions. Now a days it Fox News in print.

[Demeter]

5. Couldn't Happen to a More Deserving Rag

Every paper in southeast Michigan that was bought and perverted by right-wingers out of Grand Rapids has folded. Enough said. People won't pay for garbage.

[katty]

6. it's the touch of the Murdoch kill machine

[Vogon_Glory]

7. I thought this might happen, and it did n/t

[lance_the_man]

8. Disagree

I got to disagree. I think the WSJ is better than 90% of the other papers out there.

[emsimon33]

9. I compose an online newsletter on health care providers and insurers

I have stopped even "clipping" the WSJ. You are correct. They had gone bat sh*t!