| Reporting the important news |
[Nov. 7th, 2008|04:20 pm] |
One thing I very much wish right now is that the major newspapers, television networks, etc. would stop reporting the daily swings of the DJIA as major news. The Dow is going to be swinging wildly for some time, and what really matters are the stories that cause the long-term trends, the solution to (or continuing difficulty of) the credit crisis, unemployment, global market trends, etc.
It's not just a matter of my personal annoyance... I think that the daily movement of the Dow is causing people more distress than it should right now. That sort of thing is important to day traders and mutual/hedge fund managers, bond traders... but not the people who get their news from CNN, not people who are retiring anything over a year from now, and not the corporations and banks who are making investments on month-and-year-long trends. |
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