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Explaining the Stock Market

By Mike

For about a year now, the first page that loads when I open Firefox is Yahoo! Finance.  Each day I get a good chuckle.    The upper-left corner of the screen contains a chart and notes how the Dow and NASDAQ are performing.  Immediately to the right of that is always some Associated Press article explaining why the Dow is up or down.  Why is this funny? First, it's usually impossible to explain in any given day why the market is up or down.  Second, the articles are usually just a spin on the same facts.  For example, when the market is down, you'll see this headline: "Market is Down on Subprime Worries."  If, the very next day, the market takes an upturn, this is the headline you'll see: "Market As Subprime Woes Lessen...continue to full post

Full post as published by Crime & Federalism on January 15, 2008 (boomark / email).