Wednesday, April 02, 2008

The Stock Market Surged Yesterday Because Why? - Freakonomics - Opinion - New York Times Blog

I have always hated the news reports saying that it went up or down for a particular reason. It seems to me that most of the time they are making stuff up or, worse, just talking to one or two people (or even 5-10) and then distilling it down to a single reason. Looking for the cute sentence instead of acknowledging the complexity.

The Stock Market Surged Yesterday Because Why? - Freakonomics - Opinion - New York Times Blog: "I may be wrong, but it strikes me that the articles that appear in nearly every newspaper every day that describe a particular day’s stock-market movements are pretty much worthless."

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