Jack Naudi, a business columnist with the St. Louis Post-Dispatch, doesn’t think so. In his column this morning, he writes: “I had an interesting discussion recently with a reader who is convinced that when the Dow hits any number with three zeroes at the end, investors should pay attention.
“But reaching round numbers isn’t all. You have to look at trading volume as well.
“I admit, I don’t understand this type of analysis. It makes my head spin. So does the Wall Street Journal, a publication I think is one of the best in the world. Every day, the Journal writes about markets, attempting to explain why they move up or down based on one or two variables.
“It’s a laughable proposition to simplify the combined movement of thousands of stocks. And for the vast majority of investors, it’s meaningless. It doesn’t do you much good today to know why stocks moved yesterday.”
To read the entire column, go here.
The Wall Street Journal is seeking a senior video journalist to join its Features video…
PCWorld executive editor Gordon Mah Ung, a tireless journalist we once described as a founding father…
CNBC senior vice president Dan Colarusso sent out the following on Monday: Before this year comes to…
Business Insider editor in chief Jamie Heller sent out the following on Monday: I'm excited to share…
Former CoinDesk editorial staffer Michael McSweeney writes about the recent happenings at the cryptocurrency news site, where…
Manas Pratap Singh, finance editor for LinkedIn News Europe, has left for a new opportunity…