Wednesday, January 19, 2011

Adventures in market reporting

Felix Salmon talks about how journalists try to interpret up and down movements in the market.

He sums it up.

They all basically follow the same rubric: first you say what the market did, then you mention some piece of news which happened that day, and then, depending on how bold you are, you either assert or else you try to back away from the necessary implication that there’s a causal relationship between the two.