A key test: The Zero Hedge market bottom?
The website Zero Hedge has built a successful franchise on the internet highlighting bearish and market crash narratives with a series of half-truths, misinformation, and conspiracy theories. A recent screenshot of Zero Hedge headlines gives you an idea of their editorial bias.
In other words, it occupies the supermarket tabloid niche of financial news.
A recent Buzzfeed story revealed that Zero Hedge, which had 670,000 followers, was permanently banned from Twitter for violating its platform manipulation policy. In one article, Zero Hedge accused a Chinese scientist of releasing the coronavirus from a bioweapons lab, released the scientist’s email and phone number, and invited readers to “pay the scientist a visit”.
Notwithstanding the controversy over Twitter’s actions, could this incident may be a sign of the Zero Hedge market bottom, marked by peak hysteria over the coronavirus threat.
Here are the bull and bear cases.
The full post can be found here.
Source: http://humblestudentofthemarkets.blogspot.com/2020/02/a-key-test-zero-hedge-market-bottom.html
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