Every time I read the WSJ I come away stunned, because the articles are written from a point of view so divorced from reality as I understand it that I worry. And always in the same direction--very slanted toward how business is defending itself against ever-harmful government intervention, how short-term measurements are the only way to judge the success of a company, and relating the things you should have done yesterday that would have made you rich (but do them today anyway so you can make the early birds even richer).
I consider all of those to be harmful messages, whipping the market into a frenzy. I imagine this is very beneficial to stock brokers and others who trade for a living.
I wonder how much of this is just playing to an expecting audience, and how much is purposeful programming. But at some point, the moral effect is the same.
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Date: 2010-06-29 07:58 pm (UTC)I consider all of those to be harmful messages, whipping the market into a frenzy. I imagine this is very beneficial to stock brokers and others who trade for a living.
I wonder how much of this is just playing to an expecting audience, and how much is purposeful programming. But at some point, the moral effect is the same.