On its late night news show, the local Fox affiliate had "experts" telling people not to panic and to hold onto their stock. They gave the same advice back in November, when the market first began to plummet. Investors would be almost 20 percent richer if they had done the opposite of what the experts had recommended back then. It's too bad that people can't sue Fox for their losses, then maybe Fox would try to find experts who had some idea what they were talking about.
The American Prospect is nonprofit, reader-funded journalism—and we need your help.
Our reporters dig deep, hold power to account, and explain how policy shapes people’s lives. If you value independent journalism that goes beyond the headlines, now’s the time to support it.
Here’s how you can help: • Donate to power fearless reporting
• Subscribe to get our print magazine 6x/year.