Self-perpetuating orgy of negativity

The top corner of Drudge looks like this today:

GLOOM LIFTING? Employers cut fewer jobs in April, jobless rate falls…
Sense of Optimism Begins to Ease Onto Wall St…
Dow crosses 13,000; Dollar UP…
GUSHER: CHEVRON profit rises 9.5%…

My column today begins: “A self-perpetuating orgy of negativity regarding the economy begins with the media, which collect every morsel of daunting economic news and jump to a logical conclusion — which is to say, Armageddon.”

Hopefully we’ve turned a corner. Both in terms of a slow economy and in how the slow economy is covered.