The world is moving towards a digital age, and in such an era it is far easier to manipulate the crowd for very few bother to check the facts. They assume that the data presented is accurate. For example, Reuters posted an article after article stating how the Republicans had released so little data regarding the new plan to replace Obama-care. Then the very next day they penned an article stating that one of their polls indicated that most Americans did not favour Trumps new health care plan.
Well, how could anyone not favour it when no one knows about it, and Reuters itself was complaining. Gullible individuals will assume that this poll was valid when it was not, and the crowd is agitated once again. Remember the ploy is to keep the masses in a constant state of stress. We expect the number of fake worthless polls to increase, but as the masses do not double-check any data, these polls will serve as the basis to further agitate the crowd.
Fake Polls & Fake News: Stressed Out People More responsive to Sound bites
A stressed/agitated individual is more receptive to sound bites as opposed to a calm individual. Here is another example of fake polls, fake statistics, etc. Jon Ossof was favoured to win in Georgia, poll after poll had him winning the election easily and then viola reality bit and Jon hit the dust face first. Think about all the polls produced stating that this market should have crashed and burned years ago. In the face of all these expert opinions and polls, we stood our ground and stated that this market was not ready to crash.
The media is playing a dangerous game at the moment, these ploys used to work in the past, but the masses have woken up, and when the masses awaken, things can go awry very fast. This is how revolutions start, so the media needs to start balancing their act, or the ensuing riots will become more and more violent and eventually big media outlets will be targeted.
Fake Polls and Fake News have been around forever
Fake news has always been around; the internet has just made it more obvious. The place that is infested with the most amount of fake news in the financial sector. Fake news was weaponized in the financial markets, and the financial markets will continue to lead the way regarding fake news You have expert after expert openly lying through their teeth repeating the same mumbo jumbo since 2009, stating that the markets are destined to crash this year.
These experts who know nothing are provided with access to the widest audience. Novice players assume these chaps know what they are talking about and take their advice and in the process lose a small fortune. Nothing happens to these charlatans, and so they are free to repeat the same nonsense and to substantiate their positions they use twisted economic data or focus on irrelevant factors to promote their agenda.
Therefore, don’t fall for the “fake news is a new development” theme that mass media is trying to shove down your throats. Fake news will exist as long as humans can move their lips. When it comes to the markets “fake news” can be viewed through a positive lens; one of those stories will trigger a stampede, stocks will sell-off, and a buying opportunity will be created. Hence, at the Tactical Investor, we view fake news in a somewhat positive light for it falls within our mantra which states that a disaster is nothing but a hidden opportunity waiting to be discovered.