That’s the opinion of the administrator of the “Rarely Right” blogger, who went nameless in Marketwatch’s article about Wall Street blogs.
Specifically, Marketwatch’s David Weidner, wrote, “‘Most business reporting is superficial at best,’ Rarely Right’s author told me — ironic considering he or she admits to putting in a few minutes to an hour a day on the site.”
Weidner’s analysis of Wall Street blogs is this: “In the meantime, we will have to survive on the scattershot musings of people too ashamed to identify themselves and those who need to develop some shame and, God forbid, the traditional media. Now, with the obligatory blog column out of the way, I can focus on the bigger and weightier trends on the Street. You know, like podcasting.”
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David Weidner kinda proved my point by taking my comment out of context and not reporting my meaning.
In reality, I believe there are GREAT business reporters out there. Look no further than Carol Loomis of Fortune or James Stewart or Roger Lowenstein or Michael Lewis. Quality reporters like that are must-reads.
It's just that much of the mainstream business reporting misses the point.